Colgate-Palmolive Trading Analysis (17/06/2025)

The descending wave structure is truncated. There is bullish divergence on the Awesome Oscillator and an overbought condition on the Stochastic Oscillator. An entry point is forming at the pullback B and at the truncated C.

Trade idea:

• Buy when the ascending wave structure begins forming and wave A breaches the sloping channel of the truncated downtrend structure.
• Stop-loss under the local minimum of the descending structure.
• Price targets at 91.40 and 93.10.

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