info@marketswaves.com +923455923931

SIEM - Hourly Analysis - 28-10-2023

  • Sarfaraz Ahmad

Primary Structure: Bearish Zigzag 

Primary Trend: Bearish

Current Wave structure:  Zigzag in red wave "(B)".

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 is required to conclude red wave "(B)," we are in the middle of this pullback. This pullback may test the 61.8% Fibonacci retracement level.

Recommendation:
Stay Aside.

Previously :