Hello and Welcome! In the month after the IPO, the shares of the fintech company DLocal formed three waves and are now in correction. I assume that the current correction represents the fourth wave. Let me remind you that DLocal operates in emerging markets by processing online payments.
I currently have two points where wave can be completed.
wave ((iv)) = 0.382 wave ((i)) ~ 45.76
wave ((iv)) = 0.500 wave ((i)) ~ 42.73
I do not exclude an alternative scenario in which the current decline is the second wave in the third wave.
I currently have two points where wave can be completed.
wave ((iv)) = 0.382 wave ((i)) ~ 45.76
wave ((iv)) = 0.500 wave ((i)) ~ 42.73
I do not exclude an alternative scenario in which the current decline is the second wave in the third wave.
Comment:
Probably the fourth wave is not yet complete.
Comment:
Wave (iv) took the form of an expanded flat. It is possible that now there is a wave (v) or a wave iii of (iii).