POL - Hourly Analysis - 12-10-2024

Sarfaraz Ahmad
Oct 12, 2024

Primary Structure: Bullish Triangle.

Primary Trend: Bullish

Current Wave Structure: Potential Bearish Zigzag.

Expectations: The structure in blue wave "B" looks completed as a triangle. The rise from the low of the blue wave "B" can be counted in three waves as zigzag. The decline from its high is a decisive bearish move and defines the top of wave "d" in place. Weakness in the price is expected.

Recommendation: 3: Targets Met.
2: Sell all the holdings from 620.
1: Long positions may be considered from 412 with stops below 400 for a target of 620.

Previously :