Zalando's stock price retreated last week, so we consider the high of the magenta wave (iv) to have been reached. We therefore locate the price in the last stage of the gray wave II and expect a descent to the green Target Zone between âŹ18.71 and âŹ10.40 before this movement is completed. Long entries could be made here. However, there is also a 30% probable alternative, which would see a further rise should the price exceed the resistance at âŹ26.40.
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đ Daily market insights combining macro + Elliott Wave analysis
đ Spot trends early with momentum, sentiment & price structure
đ Join thousands trading smarter at hkcmglobal.com
đ Spot trends early with momentum, sentiment & price structure
đ Join thousands trading smarter at hkcmglobal.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.