SEARL - Hourly Analysis - 24-08-2025
Primary Structure: Bullish Leading Diagonal
Primary Trend: Bullish
Current Wave Structure: Potential Flat in Black Wave "2".
Expectations: The rise from the low of the blue wave "5" can be counted in three waves with a massive triangle in the middle, which indicates that the gain is a corrective move. We believe this rise may be considered as a part of the leading diagonal on a higher degree level. The decline from the high of wave "1" is expected to unfold in three waves. Weakness in the price is expected as the blue wave "b" has completed. The price can test the 78.6% Fibonacci retracement level, where the former wave "b" swing low also coincides.Kindly refer to the weekly timeframe for an alternative view.
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Recommendations: Wait for the pullback now.
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