info@marketswaves.com +923455923931

PRL - Intraday Analysis - 19-04-2024

  • Sarfaraz Ahmad

Primary Structure: Potential Bearish Impulsive.

Primary Trend:  Bearish

Current Wave Structure:  Potential Zigzag in black wave "2'.

Expectations:  The wave structure in red wave "(C)" is impulsive and looks completed. The drop from the high can be expected to unfold in five waves. All we need is a strong bearish move to confirm the reversal which is in play. Weakness in the price is expected after a temporary pullback in black wave "2" which can test the golden ratio.

Recommendation: better to stay aside.
Previously :

Previously :