Trading idea for Morgan Stanley (NYSE)

#MS

The descendant wave structures are truncated. The false breach of the descendant’s wave A pinnacle has happened, and the reverse pattern Pin bar has formed on the timeframe H4. Awesome Oscillator indicates bullish divergence, and stochastic Oscillator’s moving levels left the oversold area, forming bullish divergence.

Trading idea:

Buy when the 4-hour candle closes above 75.50.

Stop-loss: 72.25.

Target levels: 81.00; 86.80.