Mercedes is about to park wave (2) in magenta in our green target zone between โฌ67.31 and โฌ77.90. Once this top is placed, the share should continue the overarching downward trend, dropping below the support at โฌ60.72 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 โฌ77.90. 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 โฌ84.44 and โฌ89.37.
