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
Adidas can move after diametric pattern diametric pattern is completed and is ready to reach 270 euro in first target ...
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