WAVES - Hourly Analysis - 07-11-2025

Primary Structure: Bullish Impulsive.

Primary Trend: Bullish

Current Wave structure: Bullish Impulsive.

Expectations:  The rise from the low can be counted in five waves as blue wave "1" followed by a zigzag in blue wave "ii". The rise from its low unfolded in five waves, followed by a correction in the three waves as the red wave "(ii)". The rise from its low has unfolded in five waves and has tested the 261.8%Fib extension level. More gains are expected after a small pullback in the red wave "(iv)".

Past Trade: We have made 110%.

Recommendations:  6: Target met.
5: Sell at around 14.5.
4: Move stops to 10.
3: Move stops to 7.
2: Hold the longs.
1: Long positions may be considered from the current level (6.9) with stops below 6. Targets will be communicated with time.

---

---