Bulls have tested the upper border of the downward price channel and the mirror level of 1.7631. The uptrend wave structure is truncated. The bear divergence is forming on the Awesome Oscillator.
Trading idea:
Sell at the formation of the descending wave structure, where the A-wave breaches the sloping channel …
The trend is descending. The stock is traded in the range of 365 and 135 ЕМА. The uptrend 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 downward wave structure, …
The 'Key Reversal' reverse pattern has formed on the 1D timeframe. The bears tested the support level of 1.3270. The descending truncated wave structure finished with the breach of the sloping channel on the H4 timeframe. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold …
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