Amazon started the upside move above the support at 3105.00, after it managed to rise above the previous support level of 2880.00. Thus, ending the lower movement by breaching the mentioned levels
We notice on the chart that the price is moving above the 20- 50 moving …
#BABA
The descending pattern of the H4 level is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. The support level of 220.00 deters sellers. The breakout of 232.45 will result in the formation of an ascending wave pattern.
Trading idea:
Buy when an ascending wave …
The ascending wave pattern is truncated. The level 88.2% of (AN8?) is not broken. Probably, the ascending pattern is a wave (VN8) of the descending pattern. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions.
: monitor the price movement in real time. …
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