#INTC
The descendant wave structure is truncated. The historic level 42.00 formed in 2018 restrains sellers. Awesome Oscillator indicates bullish divergence.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is below the local minimum …
The EUR/USD pair rebounded from the resistance level 1.0575, and reached the first target 1.0475, which constitutes a strong support level for the price.
Technical indicators support the bullish scenario, where the 20-50 moving averages form a strong support for the price and press it to end the bearish movement. …
Gold failed to breach the resistance 1827.20, then returned to complete the descending path within the descending channel shown in the chart. And it reached the support level 1810.90 and is trying to breach it, and the target will be the level of 1780.00.
The moving averages formed resistance levels …
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