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Safran SA (SAF) - Bears waiting for opportunity to take over

Short
EURONEXT:SAF   SAFRAN
Safran SA (SAF - France) is in ABC correction down in 60 min time frame (or impulse wave (C) wave down in 4 hr time frame). It has completed 1st wave of C down in leading diagonal structure and correcting in 2nd wave up in abc wave and b is in progress, so wait for its completion with invalidation level of 98.10. Thereafter 3rd wave of C wave start falling down. In weekly time frame, it is in abc correction downside from all time high. Let’s see how chart unfolds next.

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