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 …
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 …
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