The descending wave structures are truncated. The Awesome Oscillator indicator displays a bullish divergence, and the Stochastic Oscillator indicator signals oversold. A reversal wave pattern is likely to be formed.
Trading idea:
Buy on the formation of an ascending wave structure, where wave (A) breaks the pivot 2 of wave …
#MCD
The ascending internal truncated wave structure has ended with a breach of the inclined channel. The Awesome Oscillator indicator shows bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on a breakout of 257.46.
Stop Loss: 261.08.
Target levels: 253.50; 252.55.
A resistance level of 166.28 held the buyers back. The ascending truncated wave structure has ended with the breach of the inclined channel. The Awesome Oscillator indicator shows bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on a breakout of 165.13.
Stop Loss over resistance level: …
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