The ascending H2 level pattern is truncated. Awesome Oscillator indicates a bearish divergence. The inclined channel protecting the pattern is broken by the assumed wave (aC H1). A breakout of the top (C) will result in the formation of a descending wave pattern.
monitor the price …
Tuesday, September 15th, today’s news—job losses in the UK hit 700,000, unemployment rises despite the lifted lockdown. European markets are mixed ahead of the Fed meeting, the dollar and oil are falling, Asian and American markets rise. The price of Brent oil is $39.88, WTI—$37.52. EUR/USD is at 1.1883 GBP/USD—1.2888, …
#EDF
The support level of 8.047 is holding back sellers. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator shows an exit from the oversold zone. A breakout of the resistance level of 8.60 will result in the formation of a 1-2-3 ascending pattern.
Trading recommendations:
Buy above 8.60.
Stop …
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