Mercedes is about to park wave (2) in magenta in our green target zone between âŽ67.31 and âŽ77.90. Once this top is placed, the share should continue the overarching downward trend, dropping below the support at âŽ60.72 and (after a short countermovement) further southwards. There is a 30% chance, though, that Mercedes could leave the green zone on the northern side and thus climb above the resistance at âŽ77.90. In that case, we would expect the share to develop a higher top first before heading downwards. Wave alt.B in green would then expand into the magenta-colored zone between âŽ84.44 and âŽ89.37.
