Trade idea for Volkswagen AG (XETRA)

#VOW3

The ascendant wave structure is truncated. Awesome Oscillator indicates bearish trend, and Stochastic Oscillator signals overbought conditions. The share is traded between 365 and 135 moving averages.

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: 143.30; 133.20.