Bears tested the lover border of the Ichimoku Cloud. The descending truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are out of the oversold zone.
Trading idea:
Buy at the breach …
The trend is descending. The stock is traded in the range between 365 and 135 ЕМА and the ascending 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 the A-wave breaches …
The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state. The entry point at the pullback B is forming.
Trading idea:
Sell at the formation of the downward …
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