The ascendant wave structure is truncated. The inclined channel of the ascendant truncated structure is breached. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when level 0.8472 is breached.
Stop-loss is over the local maximum of the ascendant truncated structure.
Target levels: 0.8435; 0.8400.
#INTC
The descendant wave structure is truncated. The historic level 42.00 formed in 2018 restrains sellers. Awesome Oscillator indicates bullish divergence.
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 is below the local minimum …
The pound sterling dollar pair rebounded from the resistance level of 1.2495 to the downside and ended yesterday's trading below 1.2400 levels, thus it may have stopped the bullish correction and is heading towards achieving its bearish targets at the levels of 1.2300 then 1.2260.
The moving average 50 formed …
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