27.05.2022
#ABT
The trend is descendant. The ascendant truncated wave structure is traded between 365 and 135 moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss is over the local maximum of the ascendant truncated structure.
Target levels: 110.25; 105.60.
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