Trade Idea for Adidas AG (XETRA)

Adidas AG (XETRA)

#ADS

    The trend is bearish. The truncated bullish wave structure has completed with a breakout of the ascending channel. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell upon the formation of a new bearish wave structure, where wave (A) breaks below the ascending channel of the truncated bullish structure.

Stop Loss – 158.200.

Target levels – 150.700; 143.500.