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Trading idea for Commerzbank AG (BM)

#CBK

The overal trend is upward. The descending wave pattern is truncated and the inner descending pattern is also truncated. The Awesome Oscillator shows a Bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy on the formation of an ascending wave structure, where wave (A) breaks through …

AUDNZD analysis

Descending wave pattern of the H2 level is truncated. The internal pattern of the M30 level is also truncated. The pivot of wave 2 (C) of the H2 level pattern is broken by the assumed wave A. A bullish divergence has formed on Awesome Oscillator. Stochastic Oscillator signals oversold …

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