PSYL - Hourly Analysis - 15-02-2025

Sarfaraz Ahmad
Feb 15, 2025

Primary Structure: Potential Zigzag

Primary Trend: Bearish

Current Wave structure: Correction in black wave "b".

Expectations: The drop from its high is significant and can be counted in three waves. This drop constitutes black wave "a" which may be considered as the first of the three waves pullback. The rise from the low can be assumed temporary but it must be composed of a minimum of three waves and possibly can test the golden ratio up there. It looks like the structure in black wave "b" is about to be completed. A daily close below 35 may confirm the top for wave "b".

Recommendations: Stay Aside.

Previously :

Previously :