Jumia Technologies AG
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JMIA

African Amazon)
bought earlier - yellow circle. I did not add after the flat was formed, but published d the idea on X. Some comments will add lower
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Here is the lower time frame - the flat pattern.
Wave C equals 1,618 wave.
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I will take profit partially, as we have a measured move. Nice profit, almost 85% move (my entry is at $5,4)
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There is a risk of getting a running flat. Just keep in mind.
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Almost exactly as forecasted. The decision to take partial profit was right. Will restore the position, as price gets lower within this flat (at least a measured move down)
Almost exactly as forecasted. The decision to take partial profit was right. Will restore the position, as price gets lower within this flat (at least a measured move down)
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My earlier assumption with a flat pattern was invalidated. Now looking at the expanding diagonal that is now at the strong resistance - DMA200 and 50% Fibo.
Looks like a reasonable correction will follow
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Also - the median of the weekly channel and the Anchored VWAP
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