The descending truncated wave structure formation ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the breach of 217.00;
Stop-loss: 210.00;
Target price levels: 226.50, 245.80.
The descending wave structures are truncated. The major descending truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals …
The trend is descending. The stock is traded nearabout the upper border of the descending price channel. The pattern 'Long-Legged Doji' is observed on the H4 timeframe. There is a false breach of the important round level of 97.00.
Trading idea:
Sell at the breach of 196.31;
Stop-loss: 97.46;
Target price …
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