Exelon Trading Analysis (14/09/2023)

The trend is descending. The upward wave structure is truncated. The stock is traded in the range between 365 and 135 ЕМА. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Sell at the formation of the descending wave structure, where the A wave breaches the sloping channel of the ascending truncated structure.

Stop-Loss: 41.30.

Target price levels: 40.20, 39.50.

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