PAEL - Hourly Analysis - 13-07-2024
Primary Structure: Bullish Impulsive. 
Primary Trend: Bullish
Current Wave Structure: Potential Pullback.
Expectations: After completing the black wave "3" in five waves the consolidation phase is prolonged suggesting a massive triangle in wave "4". The rise from its low was very expected as the triangles are trend continuation patterns. Sooner or later the consolidation phase may start Ideally a daily close below 22 will define the top of the red wave "(1)" is in place.Recommendations: wait for the pullback.
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