ANL: In Long-term Correction_Better to AvoidAzgard Nine LimitedPSX_DLY:ANLkashif493ANL (10.06) 22-08-2026 ANL completed its Elliott Wave structure on MTF in Mar/2021around 39. Since then it is in ABC correction. It completed its wave-5 with wave-1 extension pattern. In Oct/2021 (five years ago), it broke (downward) level of 16 and violated a critical EW rule given by Frost & Ptetchter and Glenn Neeli in their books. This violation converted the whole bullish 5th-wave into years-long bearish structure. Presently, it is forming final downward leg of C-wave and trading near its stop loss level 10.04. Break-out of this (downward) may lead the price to 9.05 or 7.40. Conversly, if it sustains 10.70 then there is a chance that it converts its C-wave into extended upward B-wave with TP=14.80. Recommendation:- Better to avoid this type of price structure Reasons:- 1. Over-all structure completed with 5th-wave extension 2. Presence of extended subwave-1 in wave-5 3. Violation of retracement rules of wave-1 extension structure and overall extended 5th-wave 4. Targets of impulsive wave-C with wave-3 extension 5. Targets of B-wave Do Your Own Research No Claim, No Blame