POL - H1/H4 Analysis - 03-03-2023

The rise from black wave B's end is significant and impulsive. According to the rules, a three-wave setback must be anticipated, and this is what happened in black wave 2. We can infer from the triangle in wave 2's middle that the price drop is only temporary and that the trend will most likely soon turn around. Again, everything went perfectly. Right now, the price has succeeded in breaking through and maintaining above the upper line of the descending channel. After a new high, there may be a short pullback, which can present an opportunity to increase buying volume for quick gains.