#ITX
The general trend is ascendant. The descendant wave structures are 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 wave structure.
Stop-loss below the local …
News for today, Monday, January 31
Chinese zero-Covid restrictions may impact the global supply chain. Although China has very few Covid cases, even rare occasions of shutting down entire cities and seaports concern the market a lot. Even a short-term lockdown may affect the entire world, acting with a ripple …
Gold price is trading below the 1797.00 level, to keep the negative pressure valid for the upcoming period, which targets visiting the 1770.00 level as the next main station.
Stochastic is starting to lose positive momentum to support the downside expectations, noting that breaching 1797.00 will stop the suggested negative …
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