02.11.2021
#FRE
The descending wave pattern is truncated. The support level of 39.07 contains the sellers. The Awesome Oscillator shows a bullish divergence, while the 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: below the local minimum of 39.07.
Target levels: 43.48; 46.20.
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