Bulls are testing the upper border of the descending price channel again. The entry point at the pullback B with the truncated C is forming. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator shows the overbought state.
Trading idea:
Sell when the formation of the descending wave structure …
The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The downward truncated wave structure finished with the breach of the pivot 1. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the breach …
The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The Stochastic Oscillator shows the oversold state. The breach of the level 1.3671 will begin formation of the ascending wave structure.
Trading idea:
Buy at the breach of 1.3671.
Stop-Loss at 1.3638.
Target price levels at 1.3720 …
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