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SCL - Hourly Analysis - 28-10-2024

  • Sarfaraz Ahmad

Primary Structure:  Regular Flat

Primary Trend: Bullish

Current Wave Structure: Potential Bullish Impulsive. 

Expectations:  The blue wave "B" consumed sufficient time and prolonged the consolidation. The rise from its low waas very expected. We may need five bullish waves in blakc wave "1" to validate the assumption.

Recommendations: 1: Long positions must have stops below 200 and set the target at 440.


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