SAZEW - Hourly Analysis - 16-08-2025

Sarfaraz Ahmad
Aug 16, 2025

Primary Structure: Bullish Impulsive

Primary Trend: Bullish

Current Wave Structure: Potential Bullish Impulsive.

Expectations: It looks like we have completed the running triangle in red wave "(IV)" as we have witnessed a decent rise from its low as black wave "1". A deeper pullback followed this rise in three waves. The rise from the low is expected to continue towards the Fibonacci extension levels.
NOTE: Only the wave degree is changed.

Recommendations: 3: Move stops to 1400 and sell all at 1650.
2: Hold the longs.

1: Longs may be considered from around 1150 with stops below 950. Targets will be communicated with time.

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