LOTCHEM - H1/H4 Analysis - 26-06-2023

Sarfaraz Ahmad
Jun 26, 2023

Primary Structure: Bearish Regular Flat in pay

Primary Trend: Bearish

Current Wave structure: Bearish Impulsive

Expectations: A beautiful piece of excellence. Targets are met. The structure in blue wave B is completed. The drop from the high is significant and can be assumed as a red wave (1). A minimum of three waves pullback in red (2) is expected before the further drop.

Recommendation: Shorts may be considered around 28 with stops above 30 for a target of a minimum of 20.

Previously :