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SIEM - Hourly Analysis - 27-07-2024

SIEM - Hourly Analysis - 27-07-2024

  • 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)" followed by a setback in three waves in red wave "(B)". The drop from the high of red wave "(B)" can be assumed impulsive. Having said that the impulse structure is incomplete and more weakness in the price is expected.

Recommendation: Stay Aside.

Previously :

Previously :


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