The 'Triple bottom' pattern is forming at the H4 timeframe. The descending truncated wave structure finished with the breach of a sloping channel. There is a bullish divergence at the in the Awesome Oscillator.
…
The trend is overall ascending. The stock is traded in the range between 365 and 135 moving averages. There is a bullish divergence on the Awesome Oscillator, and the moving average of the Stochastic Oscillator is out of the oversold zone. The breach of 115.35 will start the formation of the upward …
The ascending wave structure is truncated. The resistance level at 1.7015 curbs the buyers. A bearish divergence on the Awesome Oscillator is forming, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the descending wave …
Don't have your language?
