05.04.2022
#FB
The general trend is descendant. The share is traded between 365 and 135 moving averages while testing 365 EMA. Awesome Oscillator indicates bearish trend, and Stochastic Oscillator signals overbought conditions. The ascendant wave structure is truncated.
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 beyond the local maximum of the ascendant structure.
Target levels: 211.79; 185.94.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
