Brent Trading Analysis (09/07/2024)
The trend is up. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold state.
Trading idea:
- Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 85.94.
- Price targets at 87.00 and 88.20.
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