The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading analysis:
Buy at the formation of the uptrend wave structure, where the A-wave breaches the sloping channel of the descending truncated structure.
Stop-Loss: 99.68.
Target price channels: …
The trend is descending. The currency pair is traded near the upper border of the descending price channel. The ascending wave structure is truncated. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Sell at the formation of the descending wave structure, where …
The trend is ascending. The stock is traded in a range around the support level of 172.88. The downward truncated wave structure finished with the breach of the pivot 2 of the wave C (for the main construction) and pivot 1 (for the inner construction). There is bullish divergence on the Awesome …
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