The overall trend is upward. The descending wave pattern of the H2 level is truncated. Above the 135 moving average, a start fractal has formed, the breakout of which will result in the formation of an ascending wave pattern. A bullish divergence has formed on Awesome Oscillator.
Tuesday, July 27th, today's news — the dollar is hovering below the recently reached highs on Tuesday, while investors are waiting for the US Fed’s meeting this week to learn about the prospects of the regulator's monetary policy-with cryptocurrencies retreating after an unsuccessful attempt to break out of the monthly …
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The descending wave pattern is truncated. Probably, the descending wave pattern is a correction wave (B) of the ascending wave pattern of the higher wave level. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern has …
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