Ecolab Trading Analysis (20/11/2024)

The trend is up. The descending wave structure is truncated. The bears have tested the lower border of the ascending price regression channel. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.

Trading idea:

• But when the formation of the upward wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
• Stop-loss at 242.30.
• Price targets at 253.40 and 262.50.

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