This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Considering the rally from 24 Jan 2024, it might be a 5 wave up move.
It seems we are in Wave 5 - which might be an extension.
This is hypothetical - need to see what REALLY happens!
This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Considering the rally from 21 Jan 2024, it might be a 5 wave up move.
Wave 3 seems like an extension.
Assuming, we are now in wave iv (Thursday, 8 Feb 2024).
Expectation is an up-move on 11or 12 Feb onwards to complete v of 3.
Then Wave 4 down and then another up-move to complete Wave 5.
This is hypothetical - need to see what REALLY happens!
