TSPL - Hourly Analysis - 30-03-2024

Sarfaraz Ahmad
Mar 30, 2024

Primary Structure: Bearish Zigzag

Primary Trend: Bearish

Current Wave structure: Bearish Zigzag.

Expectations: This expanding flat in blue wave "B" successfully tested the 61.8% Fibonacci retracement level. The drop from its high can be perceived as the first wave of the bearish cycle. More weakness in the price is expected after a small pullback in the red wave "(B)".

Recommendation: Stay aside now.

Previously :