#INTC
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 …
The overall trend is downward. The ascending wave pattern is truncated. The currency pair is trading in the range of the upper limit of the descending price channel. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overbought conditions.
monitor the price movement …
The Australian dollar against the US dollar pair returned to decline after consolidating below the 0.7375 level, and the EMA50 constitutes good negative pressure in front of the price, to support the chances of continuing the bearish trend that targets the 0.7230 level as a next station.
It should …
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