08.10.2020
The ascending M30 level pattern is currently truncated. An extended bearish divergence is likely to form (a double top pattern confirmed by a bearish divergence). Stochastic Oscillator indicates an overbought condition.
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Trading recommendations:
Sell when a descending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the ascending truncated M30 level pattern.
Stop Loss: 1.1801.
Target levels: 1.1725; 1.1680.
Trading ideas for Boeing Co. (NYSE) 08.10.2020
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