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 …
The trend is ascending. The descendant wave pattern is truncated. There is a bullish divergence on the Awesome Oscillator. The Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave pattern is formed, where the wave (A) breaches the inclined channel of the descendant truncated pattern.
Stop Loss …
The trend is upward. On the H4 timeframe a "key reversal" pattern was formed with a false breakdown of the support level. Moving indicator Stochastic Oscillator entered the oversold zone.
Trading idea:
Buy on a breakout of 93.71.
Stop Loss: 93.15.
Target levels: 94.70; 97.88.
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