Trade idea for Air Liquide (EURONEXT)

#AI

The general trend is descendant. The share fluctuates between 365 and 135 moving averages and the upper boundary of the descendant price channel. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The ascendant wave structure is truncated.

Trade idea: 

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.

Stop-loss is beyond the local maximum of the ascendant structure.

Target levels: 140.00; 137.50.