CHXEUR:ADSD   ADIDAS AG
22 0 2
Higher highs is now turning to Lower highs making a good opportunity to short. As you can see Elliot 5 waves have completed and correction is started. Price is now at golden 61.8 ratio. On the other hand, we have a possible head and shoulder pattern(reversal pattern). The position to short would be at 184.50 with target zones 166.00; 142.00. Stop loss would be placed just above golden ratio.


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