On the four hour timeframe, the rising wave 1 (A) and the correctional wave 2 (B) are formed. In the structure of wave A, the formation of a high potential turning point with its working off is noticeable. Places a pending buy order in the calculation of wave 2 (C).
Publication of a negative quarterly report provoked a strong downward momentum and interrupted the recovery of stocks since the beginning of 2019. The development of the potential of the pivot point, as well as the height of the amplitude on the AO oscillator, speaks about the strength of the pulse. The breakdown of the previous fractal down at 83.70 - a signal to...
The price was on a descending channel. Divergence on the generator AO signals the completion of a downtrend. The first upward impulse A is confirmed by the height of the AO chart. We expect the recovery of the upward movement within the wave C
We observe the end of the correction in the form of a wave 4. The signal for resurgence in the downward trend in wave 5 - breakdown of the inclined support level.
The uptrend shows signs of a slowdown - a divergence in the AO. The downward movement from August 29 broke the trend line. The significance of the breakdown is confirmed by the height of the AO diagram. There is a possibility of a correction downward
