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Stoic-Trader

VOW3 in the final stages of a correction

Long
VOLKSWAGEN AG VZO O.N. (XETR:VOW3)  
Stoic-Trader  
XETR:VOW3   VOLKSWAGEN AG VZO O.N.
Trend Analysis Chart Patterns Elliott Wave
1
0
trendanalysis chartpattern elliottwaves
The criteria for a full pullback has been met:

  • ABC Zigzag
  • 3 waves down on wave C
  • Divergence on the end of wave C
  • 50% retracement from wave 2
  • 100% extension on waves A-B

I expect a rebound from the yellow area, and will enter a trade after minor waves 1-2 are formed and broken.
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