The overall trend is downward. A shooting star reversal pattern has formed with a false breakout. The moving averages of Stochastic Oscillator are in the range of level 80 (overbought zone). The gap remains open.
Trading recommendations:
Sell at a breakout of 273.62.
Stop loss: 283.25.
Target levels: …
The overall trend is downward. The ascending (blue) pattern ended with the breakout of an inclined channel. Stochastic Oscillator moving averages showed an exit from the overbought zone and are directed downward. A breakout of 1.1388 will result in the formation of a descending pattern within the overall downtrend. …
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