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SYS - Intraday Analysis - 29-09-2023

  • Sarfaraz Ahmad

Primary Structure: Double Three correction

Primary Trend:  Bearish

Current Wave structure: Bearish Impulsive

Expectations:  The drop from the high of the red wave "(X)" is too sharp and can be counted in five bearish waves. Since we have witnessed a new low this structure in black wave "A" may be considered completed. A pullback minimum in three waves may be expected to unfold in black wave "B".

Recommendation:  Wait for the pullback for shorts.


Previously :