Trading idea for BASF SE (XETRA)

The trend is descending. The ascendant wave structure is truncated. There is a bearish divergence on the Awesome Oscillator. The Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave structure is formed, where wave (A) breaches the level of 46.95 (pivot 2 of wave C).

Stop Loss is above the local maximum of the ascendant truncated pattern.

Target levels: 44.125; 39.500.