The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trade idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is …
News for today, Friday, February 18
The stock futures of the US and EU have increased after the meeting of Russia’s foreign minister, and the US Secretary of State was announced, giving hopes of soon Ukraine crisis resolved. S&P 500 futures rose 0.7% and Nasdaq futures jumped 0.8% following the …
Gold price managed to touch our awaited target at 1900.00 and finds strong resistance there, to show some bearish bias now, affected by the negativity of the stochastic indicator, while the EMA50 continues to provide support to the price from below, waiting to resume positive trades to visit 1916.25 level …
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