Adidas just broke an uptrend and finished 1-5 Elliot wave. We are waiting for an ABC correction, we should enter for a long position on the C, which should be ~80$ mark, since market created gap there which needs to be filled, also there is a 61.8% fib zone which indicates that market should reverse in that zone.
Entry: 80
Target 140
Invalidation: 70
Ratio: 6
The curve for Adidas shares has been upwards since mid-May. At first, it seemed as if buyers were running out of Amo in the area of the € 220 mark, but in the past few days the share has regained momentum. In the meantime, investors have caused the price to rise to EUR 241.10. Until the pre-crisis level of 282.45 euros was reached, however, more than 17 percent is...
Adidas has been in a consistent uptrend since listing, comparable to that of Visa. With only one inverse bump and run present. Great long opportunity in these current market conditions.
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Break Ups (Dax Index incl. all shares)
drive.google.com
Best regards :)
Aaron
Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
DAX 30 Index & all Shares (2016 yearly Performance) @ drive.google.com
Best regards
Aaron
