TradingView
takemoreprofits
Sep 28, 2017 2:20 AM

Stochastic Divergence Continuation out of a falling wedge  Long

Description

The reaction to a divergence that is about to bounce like this one could be strong and quick. The price diverged from the stochastic, bounced along the trend line and now the oscillator is oversold again. When this turns back up and moves, look for the price to blast off along with it.

Buy: 15.75
Stop: 15.37
Target: 16.79 - 17.66

Trade closed: stop reached

More