#ETN
The overall trend is upward. The assumed correction is approaching the lower border of the ascending price channel. Awesome Oscillator shows a Bullish Divergence, while the Stochastic Oscillator signals an oversold condition. A breakout of the upper border of the downward internal price channel will give an opportunity for growth in the range of the main upward price channel.
Trading recommendations:
Buy on the formation of an upward 1-2-3 pattern, where wave 1 breaks the upper border of the downward price channel.
Stop Loss below the local minimum.
Target levels - 119.40; 123.40.