The support level 56.70 deters sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
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Trading recommendations:
Buy when a 1-2-3 ascending pattern is formed: above 59.90.
Stop loss below the support level of 56.70. …
Analysis based on round-number levels, price channels and modified Elliot Waves
A descending truncated H2 level pattern is forming, probably a wave (B) of the ascending H8 level pattern. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
monitor the price movement …
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