05.10.2021
The ascending wave pattern of the H4 level is truncated. A shooting star reversal pattern has formed with a false breakout of the resistance level. The Awesome Oscillator shows a Bearish divergence, and the Stochastic Oscillator signals overbought conditions.
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Trading idea:
Sell when an descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.
Stop Loss: 88.53.
Target levels: 87.20; 86.40.
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