#MCD
The descendant wave structures are truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss is over the local maximum of the ascendant …
The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence. The pivot 2 of the wave C of the descendant structure of level H2 is breached.
Trading idea:
Buy when level 0.9602 is breached.
Stop-loss: 0.9520.
Target levels: 0.9690; 0.9980.
News of the day, Friday, June 24
European stock futures were up today, boosted by the previous Wall Street rally. The DAX futures climbed 0.6%, CAC 40 futures rose 1.1%, and the FTSE 100 futures were up 0.7%.
The U.S. dollar slipped today amid global inflation worries. The Dollar index …
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