PSO - Intraday Analysis - 18-07-2025
Primary Structure: Potential Bearish Impulsive. 
Primary Trend: Bearish
Expectations: The decline from the high of blue wave "B" has unfolded 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" which went deeper and approached the 78.6% Fibonacci retracement level sharply. We are expecting a structure composed of three waves in the blue wave "ii" Which may appear as a running flat. Gains are expected before turning down.
Recommendations: Wait for confirmation.
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