The trend is upward. The stock is trading within the 365–135 EMA range. The downward truncated wave structure ended when the sloping channel was breached. The Stochastic Oscillator indicates an oversold condition and the Awesome Oscillator shows bullish divergence.
Trade idea:
The trend is down. The currency pair is trading within the 365-135 EMA range. The ascending wave structures are truncated. There is a bearish divergence on the Awesome Oscillator, and a signal of an overbought condition on the Stochastic Oscillator. The pivot 2 of the wave C was breached.
Trade …
The stock is trading within the 365-135 EMA range. The downward truncated wave structure ended when the pivot 2 of wave C was breached. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates an oversold condition. An entry point is forming at the pullback B …
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