10.05.2023
The trend is descending. The asset is traded in the range between 365 and 135 ЕМА. The upward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator went out the zone of the oversold state.
Trading idea:
Buy at the formation of the descending wave structure, when the (A) wave breaches the sloping channel of the ascending wave structure
Stop-Loss under the local minimum of the ascending structure (77.60)
Target price levels: 73.50, 71.80
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