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MCB - Hourly Analysis - 29-10-2023

  • Sarfaraz Ahmad

Primary Structure: Bullish Impulsive

Primary Trend: Bullish

Current Wave structure: Bullish Impulsive

Expectations:  The rise from the low of black wave "4" is aggressive showing impulsive characteristics and can be counted in five waves. A new high is required to complete the bullish cycle in the red wave "(A)".

Recommendations: Wait for the structure to be completed.


Previously :