The downward truncated wave structure has ended with the breakdown of the inclined channel. Awesome Oscillator indicates bullish divergence. On the H4 timeframe, a key reversal pattern has formed with a false breakout.
Trading idea:
Buy on the breakout of 11,480.
Stop-loss under the support level 11.3650.
Target levels: 11.580; 11.735.
The downward truncated wave structure ended with a break of the inclined channel. The Awesome Oscillator indicator has bullish divergence. The internal entry point "on a pullback B" is formed.
Trading idea:
Buy on a breakout of 161.71.
Stop-loss under the support level 161.31.
Target levels: 161.97; 163.50.
The ascending wave structure is truncated. The Awesome Oscillator indicates bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a downward wave structure, where wave (A) breaks the inclined channel of the upward truncated structure.
Stop-loss at the local maximum of the ascending …
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