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NCL - Hourly Analysis - 24-11-2023

  • Sarfaraz Ahmad

Primary Structure:  Bullish Impulse

Primary Trend:  Bullish

Current Wave structure: Bullish Impulse

Expectations:   We can count five bearish waves with fractals in the black wave "5". The reaction from its low is important as it reveals impulsive characteristics.  We can count five bullish waves in blue wave "i". It final wae can test the 61.8% Fibonacci extension level to complete the cycle. 
 We must witness a pullback in three waves after completing the current bullish cycle.

Recommendation:  Wait for the pullback.

Previously :

Previously :