NRL - Hourly Analysis - 09-05-2025

Sarfaraz Ahmad
May 09, 2025

Primary Structure: Bullish Impulsive

Primary Trend: Bullish

Current Wave Structure: Potential Zigzag in Red Wave "(2)".

Expectations: The development from the high of the red wave "(1)" is in three waves as a zigzag. The piece has approached to the lower line of the corrective channel, which can provide significant support. All we need is a strong bullish kove in five waves to confirm the reversal.

Recommendation: Wait for the confirmation.

Previously :