#CCI
The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence and Stochastic oscillator shows oversold conditions. Mirror level 181.40 restrains sellers. The inclined channel of descending wave structure is pierced.
Trade idea:
Buy when level surpasses 186.40.
Stop Loss below mirror level – …
News of the day, Wednesday, January 19
China’s cyberspace administration will require large internet companies to obtain a special approval before rising any funds inside PRC. The requirements will apply to any platform with more than 100 million users or with a revenue greater than 10 billion yuan.
Stock markets …
The overall trend is ascendant. The descending wave patterns H8, H2, AND M30 are truncated at the moment. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.
Trading idea:
Buy when the ascending wave pattern is formed, where the wave (A) breaches …
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