#T
A truncated descending wave pattern has formed. And a bullish divergence has formed on Awesome Oscillator. Probably, the descending truncated pattern is a correction wave (B) and a wave (C) is being formed now.
Trading idea:
Buy on breakout 28.20.
Stop Loss: 27.75.
Target levels: 28.53 (specialist trap); 29.33.
Thursday, August 12th, today’s news — in today’s morning, stock indexes in the Asia-Pacific region mostly rose amid signs of slowing inflation in the US and easing concerns about an earlier-than-expected reduction in assets by the US Federal Reserve. The price of Brent oil is $71.88 per barrel, WTI — …
#TKA
The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator. Breaking through the resistance level of 8.95 will result in the formation of an ascending wave pattern, where the wave (A) has broken through the inclined channel of the descending truncated …
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