The entry point at the pullback B is forming. The ascending wave structure is truncated. Bulls tested the upper border of the ascending price channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading analysis:
Sell at the formation of …
The downward wave structures are truncated. 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, where the A-wave breaches the sloping channel of the descending truncated structure.
Stop-Loss under the local minimum …
The trend is, overall, ascending. The descending truncated wave structure finished with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator and on the Stochastic Oscillator. The breach of the 11446.0 level will start the formation of the ascending wave structure.
Trading idea:
Buy at the breach …
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