TWEET:
$LVMHF another stock in its full economic cycle since its 2009 GFC low at $49 and climbed as high at $1005 in 2023 over 14 years.
In it ABC correction now and so far found support on the 0.5 Fib.
This can be enough to complete Wave C.
If Wave C is complete here then a reversal back to $1000 is possible next.
Downside risk is still the standard 0.618 Fib at $415.
Neil
2025-05-05 12:51:26 +0000 UTC