22.02.2022
#ECL
The general trend is ascendant. The descendant wave structure is truncated. Awesome oscillator indicates bullish divergence, and stochastic oscillator signals oversold conditions.
Trade idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant truncated wave structure.
Stop-loss is below the local minimum of the descendant wave structure.
Target levels: 204.23; 220.00.
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