Vonovia SE (VNA - Xetra) is in impulse up move in 60 min, in which it is about to complete 3rd (or C) wave up. Now possible 4th wave down will start and take 3-5 trading days. In weekly time frame it is moving up within channel, which indicates a strong trend and last sharp drop would be probably 4th wave of any cycle. Anyway in 60 min it is also out-performing the DAX index, so better to count as impulse.