05.12.2023
The trend is descending. The upward wave structures are truncated. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state. Bulls tested the mirror level of 42.10.
Trading idea:
Sell at the formation of the downtrend wave structure, when the A-wave breaches the sloping channel of the ascending truncated structure.
Stop-Loss over the local maximum of the ascending structure at 42.10.
Target price levels: 39.20, 38.00.
#ebay #stock #stocktrading #tradingstrategies #tradingmt5
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