The trend is descending. The upward wave structures are 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 downward wave structure, where the A wave breaches the sloping channel of the upward truncated structure.
Stop-Loss: 1.3263. …
The general trend is ascending. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The rounded secondary level of 2.0480 curbs the buyers. The entry point at the pullback B is forming.
Trading idea:
Buy at the formation of the ascending wave structure, where …
#AMGN
The overall trend is downward. The stock is traded in the range between 365 and 135 ЕМА. There is 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 …
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