POML - Hourly Analysis - 25-01-2025
Primary Structure: Bullish Impulsive
Primary Trend: Bullish
Current Wave Structure: Potential Pullback.
Expectations: The rise from the low can be counted in five bullish waves. This could be perceived as a major trend reversal confirmation. As per basic rules, a pullback minimum of three waves should be expected after each impulse cycle. The 61.8% Fibonacci retracement level can provide significant support for the falling price. A strong rally is expected after completing the pullback.Recommendations: Stay Aside
