Ecolab Trading Analysis (24/01/2025)
The trend is down. The ascending wave structure is truncated. The stock is trading in a range between 365 and 135 ЕМАs. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trading idea:
- Sell at the beginning of the formation of the downward wave structure, when wave A breaks the sloping channel of the ascending truncated structure.
- Stop-loss at the local maximum of the ascending structure at 243.10.
- Price targets at 236.60 and 230.00.
#ecolab #stock #tradersroom #daytradingpatterns #forexexpertadvisor
