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PSO - Intraday Analysis - 07-02-2025

  • Sarfaraz Ahmad

Primary Structure: Potential Bearish Impulsive.

Primary Trend: Bearish

Current Wave Structure: Potential Bearish Impulsive.

Expectations: The decline from the high of blue wave "B" is in five waves as blue wave "i".  This drop can be perceived as the first evidence of a major trend reversal. As per the rules, a pullback minimum in three waves should be expected in blue wave "ii" therefore a temporary recovery may be expected sooner or later. The middle line of the termination channel may act as a strong support for the falling price.

Recommendation:  wait for trade setup.

Previously :