At KSB SE, a abcde correction could have formed which, if correctly counted, should resolve with one impulse. Since the length of (e) in this case may not be longer than (d), the trading plan is clearly defined. Entry to the market price of 304 €uro and the stop loss must be set to 301 €uro. This trade is only for Gambler and the stop loss could be pulled back today to start the falling trend line. If the stock moves in the right direction, then we pull the SL quickly on the entryprice. Let us surprise.
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Sl to entry Point or maybe you can sell 30% of your Position and you have no risk with that trade any longer :-)