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MLCF - Hourly Analysis - 23-10-2026

  • Sarfaraz Ahmad

Primary Structure: Bullish Impulsive

Primary Trend:  Bullish

Current Wave Structure: Potential Zigzag. 

Expectations: The black wave "III" has unfolded in five waves. The required extension levels are met. The decline from the high can be considered a correction at a higher degree level. A temporary weakness in the price is anticipated after a small recovery in the blue wave "B".


Recommendation:  Wait for the pullback. 

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