#MCD
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: 255.60.
Target levels: 236.31; 218.00.
The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The currency pair is traded in the lower border span of the ascendant price channel.
Trading idea:
Buy when the ascendant wave structure forms, where …
News of the day, Monday, April 11
BMW CEO Oliver Zipse predicts the semiconductor crisis to remain a problem for the auto industry until 2023.
“We are still in the height of the chip shortage. I expect us to start seeing improvements at the latest next year, but we will …
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