UNITY - Intraday Analysis - 22-09-2023

Sarfaraz Ahmad
Sep 22, 2023

Primary Structure: Potential Correction as Zigzag.

Primary Trend: Bearish

Current Wave structure: Corrective Pullback in blue wave "b".

Expectations: According to the basic rules, each impulsive cycle must be retraced back minimum in three waves. The drop from the high is in three waves and may be considered as the first wave of the said pullback. We must expect a structure minimum of three waves in blue wave "b" which is in play.

Recommendation: Wait for the pullback.

Previously :