info@marketswaves.com +923455923931

PSO - Intraday Analysis - 12-10-2024

  • Sarfaraz Ahmad

Primary Structure: Potential bearish Impulsive

Primary Trend: Bearish

Current Wave structure: Potential zigzag in black wave "2".

Expectations: The pullback in black wave "2" looks completed. Our targets are met, as we have witnessed a strong rally from the low of the red wave "(b)." A strong bearish move in five waves with a daily close below 187 will confirm the reversal.

Recommendation: 2: Target met.
1: The long position must be protected with stops below 152 for a target of 185.

Previously :

Previously :