The inclined channel of the descending pattern is broken by the formation of the assumed wave 1 of 1-2-3 pattern. A breakout of the price pivot zone of 363.00 will result in the formation of ascending pattern 1-2-3. Stochastic Oscillator indicates an oversold condition, and Awesome Oscillator shows a bullish divergence.
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Trading recommendations:
Buy on the breakout of the price pivot zone of 363.00.
Stop Loss under the support level 349.16.
Target levels: 383.00; 406.00.