#ORA
The general trend is downtrending. The ascending wave structure has ended with the breakdown of the inclined channel. Awesome Oscillator indicator shows bearish divergence, and Stochastic Oscillator indicator signals overbought. A breach of 10.154 will give rise to the formation of a downward wave structure.
Trading idea:
Sell on …
The downward truncated wave structure ended with the breakdown of the inclined channel. On the indicator Awesome Oscillator, there is a bullish divergence. On the H4 timeframe, there is a "key reversal" pattern with a false breakout.
Trade idea:
Buy on the breakout of 11.4780.
Stop-loss under the support level …
The downward truncated wave structure has ended with the breakdown of the inclined channel. Awesome Oscillator indicates bullish divergence. On the H4 timeframe, a key reversal pattern has formed with a false breakout.
Trading idea:
Buy on the breakout of 11,480.
Stop-loss under the support level 11.3650.
Target levels: 11.580; 11.735.
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