The general trend is ascendant (The lower border of the Ichimoku cloud is tested on the timeframe H4). The descendant wave structure is truncated. 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 …
News of the day, Wednesday, April 27
Wall Street indexes fell dramatically yesterday with Nasdaq closing at the lowest level since 2020. Such a steep decline might be connected with investors’ anxiety because of global growth limitations and hawkish Federal Reserve announcements. Tesla slumped 12% after worries that Musk is …
Gold trading settled within a sideways movement at the intraday level, after it reached the target 1890.00.
The price forms a bearish continuation flag pattern, and the price is trying to break it and complete the descending path. Which is confirmed by us by breaking the support level 1890.00, and …
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