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Trading idea for ThyssenKrupp (XETRA)

24.12.2021

Market Review

#TKA. Industrial Sector.

The overall trend is ascending. The descending wave pattern is truncated. There is a bullish divergence on the Awesome Oscillator. The descending pattern has completed with a breach of the inclined channel.

Trading idea:

Buy when the ascending wave pattern is formed.

Stop loss is below the local minimum of the descending pattern.

Target levels: 10.385; 11.256.

Author: GC
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