The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The entry point on the B pullback is forming.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss …
Silver historical support level 21.43 restrains sellers. The reverse pattern Pin Bar with a false breach is forming. Awesome Oscillator indicates bullish divergence, and averages of Stochastic Oscillator have exited the oversold area.
Trading idea:
Buy at the session opening on Monday, if the pin bar preserves.
Stop-loss: 21.256.
Target …
News of the day, Friday, June 10
Oil prices slipped a little today, as new COVID-19 lockdowns occur. Brent crude futures are down 0.3%, and WTI crude slid 0.2%.
Asian stocks followed a global sell-off with MSCI’s broadest index outside Japan falling 0.9% and Japan Nikkei 225 falling 1.4%.
The …
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