The pound sterling against the dollar continues its bearish movement after the bullish rebound movement that formed at the end of last week, where trading is stable around the support level 1.3000, after it reached the resistance 1.3130 last week, and then formed a bearish movement below the support 1.3060, …
#BIIB
The trend is descendant. The ascendant wave structure is truncated. The resistance level 217.92 restrains buyers. The share is traded between 365 and 135 moving averages. Awesome Oscillator indicates bearish divergence.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel …
The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss: 11.5390. …
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