Infineon may ended the A corrctional wave that is consisting of 5 clearly recognizable sub-waves. Now a little bounce can be expected in 3 waves (a-b-c) as wave B or wave 2 in case the previous was a wave 1 not an A. The price target is between the 0,382 and 0,618 Fibonacci levels. Maybe 0,618 is more likely regarding that IFXF tends to be volatile.
Kommentar:
The bounce will have been over soon I guess. The correction looks like an abc correction, ant it will reach the 0,5 Fibo level. Then wave C or 3 could begin.
