The descending wave pattern is truncated. There is a bullish divergence on Awesome Oscillator. A breakout of 0.9153 will result in the formation of an ascending wave pattern, where the wave (A) has broken through the inclined channel of the descending truncated pattern.
monitor the price …
Friday, August 17th, today’s news — the China Market Regulatory Authority has submitted a new draft of rules aimed at stopping unfair competition on the Internet, which in turn puts a lot of pressure on the IT sector. Crude oil continues to drop. The price of Brent oil is $69,11 …
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The overall trend is upward. There is a bullish divergence on Awesome Oscillator, and the Stochastic Oscillator signals oversold conditions. The inclined channel of the descending pattern (the upper limit of the descending price channel) is broken.
Trading idea:
Buy on the breakout of 83.82 (when an ascending wave …
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