KARACHI ALL SHARE PROBABLY IN WAVE 3One of my followers requested me to share my view on the PSX overall market trend.
I have prepared Karachi All Share chart for this purpose, although wave structure is a nice tool to forecast targets and trends but using it to forecast timing can be prone to errors.
As a wise investor always remember " nobody knows what the market will do next ", we are all using our experience to guess the next best probable move. Therefore always do your own research before making any decisions.
If our wave count is correct then currently market is in an extended 3rd wave which is still unfolding but it will end soon. On a lesser degree we are in the 5th wave which should give us one more leg down before reaching the target level of 100000.
The psychological barrier or resistance might come at 100000 level, as this also aligns with 5.618% of the wave 1.
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
