#ECL
The general trend is ascendant. The descendant wave structure is truncated. Awesome oscillator indicates bullish divergence, and stochastic oscillator signals oversold conditions.
Trade idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant truncated wave structure.
Stop-loss is below …
News for today, Monday, February 21
Dow J futures have edged a bit higher yesterday, as Joe Biden has agreed to a summit with Russian President Vladimir Putin. The stock market has gone through noticeable stress last week, reacting to the disturbing Russia-Ukraine conflict. The announced meeting of two presidents …
Gold price started today’s trading with a new rise to approach our awaited target at 1916.25, and obtains continuous positive support from the EMA50, to enhance the chances of achieving more gains that extend to 1960.00 after surpassing the previous level.
Therefore, we will continue to suggest the bullish trend …
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