The trend is ascending. Bulls tested the historical peak and formed a key reversal on the H4 timeframe. The ascending truncated structure ended with a breach of the sloping channel on the M5 timeframe, and there is a bearish divergence on the Awesome Oscillator. The trading plan goes against the …
The trend is ascending. The stock is trading within the 365-135 EMA range. The downward truncated wave structure ended when the sloping channel was broken. There is a bullish divergence on the Awesome Oscillator and a signal of an oversold condition on the Stochastic Oscillator.
Trade idea:
The trend is down. The bulls are testing the 200 EMA on the H4 timeframe. The inner wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the stochastic oscillator is signaling an overbought condition.
Trade idea:
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