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SIEM - Daily Analysis - 15-06-2023

  • Sarfaraz Ahmad


Primary Structure: Bearish Ending Diagonal

Primary Trend: Bearish

Current Wave structure: BearishZigzag  in blue wave 5

Expectations: The drop from the high of blue wave 4 must adopt any corrective structure to complete the cycle. The drop in red wave (A) is aggressive and can be assumed as the first leg of the zigzag. A break below the green dotted line is required to complete the structure. We are bearish for now.   


Previously :