PSYL - Hourly Analysis - 28-12-2024

Sarfaraz Ahmad
Dec 28, 2024

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.

Recommendations: Stay Aside.

Previously :

Previously :