The trend is descending. The stock is traded around the upper border of the sloping price channel. The sloping channel of the ascending truncated structure is breached. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Sell at …
Bears are testing the lower border of the accumulation area on the 1D timeframe. The 'Boguraev's Matryoshka' reverse wave model has formed. The downward truncated wave structure finished with the breach of the sloping channel. There is …
We observe the 'Pin Bar' reversal pattern with a false breach on the 1D timeframe. The major descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the ascending wave …
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