The trend is descendant. The descendant wave structures are truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The support level of 0.7128 restrains buyers.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated …
News of the day, Tuesday, May 24
Oil prices decreased more than $1 today as concerns over recession possibility and China’s COVID-19 strict lockdowns outweighed expectations of tight supply and an increase in fuel demand in the USA.
European shares decreased sharply today at the open, joining the global selloff. …
Gold continues its upward movement after breaking the resistance level 1845.60 and settling above it and reaching the initial target 1860.00 with the upper line of the ascending channel within which it is moving.
Therefore, the bullish scenario continues, the strongest of the current ones, and the price continues its …
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