info@marketswaves.com +923455923931

MUGHAL - Hourly Analysis - 30-11-2024

  • Sarfaraz Ahmad

Primary Structure: Bullish Zigzag

Primary Trend: Bullish

Current Wave Structure: Potential Pullback in Wave '"e".

Expectations:  The rise from the low of the black wave "c' can be counted in seven swings as a double three combination. This constitutes the wave "d" of the massive triangle. A pullback minimum of three waves may be expected in the final waves of this triangle. A strong rally is expected after completing the triangle.

Recommendation:  Wait for the pullback.
Previously :