Trade idea for Siemens AG (XETRA)

#SIE

The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence.

Trade idea:

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

Stop-loss below the local minimum of the descendant truncated structure.

Target levels: 147.20; 156.90.