The ascending truncated wave structure ended with the breakdown of the inclined channel. The Awesome Oscillator indicator shows a bearish divergence, and the Stochastic Oscillator moving averages are out of the overbought zone. The stock is trading in the 365 and 135 moving averages range.
Trading idea:
Sell on a …
The trend is ascending. The currency pair is trading within the range of 365 and 135 moving averages. The descending wave structure is truncated. The Awesome Oscillator indicator shows bullish divergence, and the Stochastic Oscillator indicator signals oversold.
Trade idea:
Buy on the formation of an upward wave structure where …
The trend is descending. The currency pair is trading in the range of 365 and 135 moving averages. The ascending wave structure is truncated. Awesome Oscillator indicator shows bearish divergence, and Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a downward wave structure, where wave (A) …
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