vf_investment

ADDYY ABC correction, long setup

Long
OTC:ADDYY   adidas AG
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

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