ULTRACEMCO: Wave C started from strong Fib cluster

ULTRACEMCO – Daily Chart Analysis

🔹 Base Point: The count begins from the low made on 3rd March 2025.
🔹 From this low, the price moved up in the form of a clear impulse wave, completing a 5-wave structure.
🔹 This was followed by a corrective fall, retracing 61.8% Fibonacci of the prior impulse.

⚡ Correction Phase:

The decline is counted as an ABC Flat correction (red).

Within this, the C wave extended fully to the 100% Fibonacci projection.

At this point, we observe a strong cluster zone formed by the 61.8% retracement and 100% extension, indicating confluence and potential support.

📈 Current Development:

From this support, the price has begun to move up again, showing the characteristics of a fresh impulse.

The overall structure fits into a larger Zig-Zag correction, where Wave C is still under development.⏳

📝 Summary:
✅ Impulse up (5 waves)
✅ Flat correction (A-B-C) complete at Fib cluster
🚀 Wave C of Zig-Zag unfolding


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