21.07.2021
#BIDU
The overall trend is upward. The descending wave pattern is truncated and the internal wave pattern is also truncated. There is a bullish divergence on Awesome Oscillator indicator, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.
Stop Loss under the local minimum of the descending pattern.
Target levels: 229.00; 274.00; 350.00
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