07.05.2021
Analysis based on modified Elliott waves, Fibonacci retracement, and price channels
The overall trend is upward. H2 level descending wave pattern is truncated. The internal H1 level pattern is also truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
Trading idea:
Buy when an ascending wave pattern is formed.
Stop Loss: 43.70.
Target levels: 47.20; 51.70.
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