MEBL - Hourly Analysis - 07-08-2026
Primary Structure: Bullish Impulsive
Primary Trend: Bullish
Current Wave Structure: Potential Bullish Impulsive
Expectations: The blue wave "III" has unfolded in five waves with fractals. According to the impulse wave rules, a correction may be observed at a higher degree level. This has unfolded as a running triangle in the blue wave "IV". The rise from the low of the triangle is expected to unfold in five waves. There is room for further rise.Recommendations: Profit-taking may be considered.
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