The trend is ascending. The downward wave structures are truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals oversold state.
Trading idea:
Buy at the formation of the ascending wave structure, when the A wave breaches the sloping channel of the descending truncated structure. …
The trend is descending. The uptrend wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Sell at the formation of the downtrend wave structure, when the A-wave breaches the sloping channel of the ascending truncated structure. …
The trend is descending. Bulls tested the upper border of the downward price channel and the mirror level of 74.20. The upward wave structure is truncated. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals overbought state.
Trading idea:
Sell at the formation of the descending wave structure, when …
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