Adidas AG (ADS) | Preparing for Wave 5 Rally Toward €500–€1,200

Adidas AG (XETR:ADS) | Long-Term Elliott Wave & Structural Outlook

Adidas AG is completing a Wave 4 correction near key Fibonacci support, aligning technical structure and smart money accumulation for a potential long-term Wave 5 expansion toward €500–€1,200.

📊 Technical & Fundamental Confluence for Multi-Year Expansion Potential

Summary:
Adidas AG (ADS) is approaching the completion of a major Wave 4 correction within a long-term Elliott Wave structure originating from the 2009 low. The broader market structure remains intact, suggesting the potential for a strong Wave 5 impulsive advance in the coming years.

Technical Overview 🌀

• The current corrective leg has retraced near the 0.382 Fibonacci level, a typical Wave 4 depth before a continuation move.
• Elliott Wave projections indicate potential Wave 5 extensions toward €529 (3.618) and €1,290 (4.618), aligning with historical impulsive proportions.
• Price has recently swept liquidity below key swing lows, hinting at accumulation within a higher-timeframe demand zone.

Smart Money & Market Structure 💰

• Evidence of institutional accumulation and potential reaccumulation phase.
• A confirmed break of structure (BoS) and impulsive follow-through would validate the transition into the markup phase.
• The long-term uptrend remains valid as long as Wave 4 support holds.

Market Cycle & Fundamentals ⚙️

• Adidas may be shifting from markdown to accumulation, aligning with the early stages of a new expansion cycle.
• Fundamentally supported by strong brand equity, global positioning, and improving margins as macro conditions stabilize.
• Long-term investors could find value within current price ranges.

Outlook 🚀
As long as the €130–€160 accumulation zone remains intact, confluence across wave theory, Fibonacci structure, and smart money behavior supports a bullish long-term scenario toward €500–€1,200.

📈 Bias: Long-Term Bullish
📍 Accumulation Zone: €130 – €160
🎯 Targets: €529 → €1,290

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