#CL
The trend is descending. The ascendant wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator. The Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave pattern is formed, where wave (A) breaches the inclined channel of the ascending wave pattern.
Stop Loss …
The trend is ascending. The mirror level 84.00 holds the sellers. There is a bullish divergence on the Awesome Oscillator. The breaching of 85.31 will form the ascendant wave pattern.
Trading idea:
Buy when 85.31 is breached.
Stop Loss: 84.00.
Target levels: 86.50; 87.17.
The trend is descending. The ascendant wave structure is truncated. There is a bearish divergence on the Awesome Oscillator. The Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure is formed, where wave (A) breaches the level of 46.95 (pivot 2 of wave C).
Stop Loss …
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