01.11.2019
The pivot zone 279.00 held back buyers. An ascending truncated structure has formed. A bearish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator shows the parametrs of 30.10.10. and signals oversoldness. The inclined channel of the ascending truncated patterrn is broken.
Trading recommendations:
Buy while the descending wave pattern is forming.
Stop loss at the resistance level 279.00.
Target levels – 269.60; 260.40.
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