11.11.2022
The trend is descending. The ascendant wave structure is truncated. There is a bearish divergence on the Awesome Oscillator. The Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure is formed, where wave (A) breaches the level of 46.95 (pivot 2 of wave C).
Stop Loss is above the local maximum of the ascendant truncated pattern.
Target levels: 44.125; 39.500.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
