Aeroflot reached 107.36 resistance at 23.6% Fibonacci retracement level.
The price is moving under the positive effect of the 7-50-20 moving averages that form support levels.
Stochastic is in a downtrend after exiting the overbought area which negatively affects the price action and increases the resistance 107.36.
Expected trend for …
The general trend on TF H1 is an uptrend. The downward construction formed on the H2 level. A descending truncated M30 level pattern has formed in the wave (C), which ended with the breakout of the inclined channel. Bullish divergence has formed on the Awesome Oscillator indicator, and Stochastic Oscillator …
The pair has formed a double top reversal pattern and the price is at the level of the "neck" line. If the demand for risky assets remains strong, the pair will complete this pattern by dropping further.
The price is below the middle Bollinger band, at SMA 5, but below …
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