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. The inclined channel of the ascendant truncated structure is breached.

Trading idea:

Sell when level 598.00 is breached.

Stop-loss: 621.00.

Target levels: 571.00; 543.92.