Trading
Analysis
Partnership
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29.05.2023
The downward wave structures are truncated, the formation of the reverse wave model 'Boguraev's Matryoshka' is probable. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the ascending wave structure, where the wave (A) breaches the sloping channel of the downward truncated structure
Stop-Loss under the local minimum of the downward structure 33.48
Target price levels: 34.75, 37.00
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