#ORA
The general trend is descendant. The resistance level of 11.112 restrains buyers, Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. Breaching of 10.600 will cause the descendant wave structure to form.
Trade idea:
Sell when 10.600 is breached.
Stop-loss: 11.112.
Target levels: 10.20; 9.70.
The 16.9600 support level restrains sellers. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator’s moving levels are upbound. The pivot 2 of wave C of the descendant truncated structure is breached.
Trade idea:
Buy when level 17.22098 is breached.
Stop-loss — …
News of the day, Friday, February 25
European stock markets have rebounded slightly upwards after the start of the broad Russian invasion in Ukraine. Yesterday’s decline in European index futures seemed rather tragic, but just a day after it seems to calm down. The DAX futures traded 0.1% higher, CAC …
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