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SIEM - Hourly Analysis - 25-05-2024

SIEM - Hourly Analysis - 25-05-2024

  • Sarfaraz Ahmad

Primary Structure: Bearish Zigzag 

Primary Trend: Bearish

Current Wave Structure:  Bearish Impulsive.

Expectations: The drop from the high of blue wave "4 "can be counted in five waves as red wave "(A)". A pullback minimum of three waves was required to conclude red wave "(B)," which tested the 61.8% Fibonacci retracement level. The recent fall is impressive and can be assumed as the first wave of the expected five-wave cycle.

Recommendation: Stay Aside.

Previously :

Previously :


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