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OTSU - Hourly Analysis - 21-03-2025

  • Sarfaraz Ahmad

Primary Structure: Bullish Impulsive

Primary Trend: Bullish

Current Wave Structure: Potential Pullback

Expectations: The rise from the low is in five bullish waves as black wave "1". This price exhibits a choppy and overlapping structure, suggesting a leading diagonal, which may be considered completed as we have witnessed a decent drop from its high. We are expecting a drop in three waves that could test the golden ratio.

 NOTE:  Made a total of around 77.5%.

Recommendations:  4:  Target Met.  Now, wait for the pullback.
3: Take the profit at 195.
2: Hold the longs.
1: Long positions may be considered from around 110 to 90, with stops below 70. Targets will be communicated over time.

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