Repsol (BM) Analysis, Chart, and Trading Idea

#REP
 

The trend is descending. The stock is traded in the range between 365 and 135 ЕМА. The upward wave structures are truncated. It is highly probable that the reverse wave model 'Boguraev's Matryoshka' will be formed. There is a bearish divergence on the Awesome Oscillator.
 

Trading idea:

Sell at the formation of the downward wave structure, where the (A) wave breaches the 13.285 (pivot of the wave C of the ascending wave structure)

Stop-loss under the local maximum of the ascending structure (13.42)

Target price levels: 13.10, 12.50