The trend is ascending. The basic 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 oversold condition. The entry inner point is forming at the pullback B with the truncated C.
Trade idea:
The trend is upward. The oil trades in the range between 365 and 135 EMAs. The bearish wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator's moving averages are out of the oversold zone.
Trade idea:
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:
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