Trading idea for LVMH Hennessy Louis Vuitton SE (EURONEXT)

#MC

The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

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

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

Target levels: 595,50; 571,00.