20.04.2023
The trend is descending. The uptrend truncated wave structure is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Sell 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
Target price levels: 9.370, 8.800
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