GWM Trading Analysis (08/01/2024)

The descending wave structures are truncated. The formation of the reverse wave model 'Boguraev's Matryoshka' has begun. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.



Trading idea:

Buy at the formation of the ascending wave structure, when the wave A breaches the sloping channel of the downward truncated structure.

Stop-Loss at 9.00.

Target price levels at 9.80 and 12.20.

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