The trend is descending. The ascending truncated wave structure tested the upper border of the descending price channel. 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 descending wave structure, where the A-wave breaches …
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. …
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