18.03.2020
Despite the obvious downtrend, the bears are weakening, while forming truncated wave patterns on the chart, which results the formation of a reversal wave pattern. Bullish divergence has formed on Awesome Oscillator.
Trading recommendations:
Buy strictly while an ascending wave pattern is forming, where the wave (A) breaks through the inclined channel of the descending truncated H1 level pattern (blue inclined channel).
Stop loss at the local minimum (63.85).
Target levels: 65.20 (round secondary level); 65.83; 67.50.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
