Mercedes is about to park wave (2) in magenta in our green target zone between âŹ67.31 and âŹ77.90. Once this top is placed, the share should continue the overarching downward trend, dropping below the support at âŹ60.72 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 âŹ77.90. 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 âŹ84.44 and âŹ89.37.
