What is MC ?
MC /LVMH : is a French multinational luxury goods conglomerate headquartered in Paris. The company was formed in 1987 under the merger of fashion house Louis Vuitton with Moët Hennessy, a company formed after the 1971 merger between the champagne producer Moët & Chandon and Hennessy, the cognac manufacturer.
LVMH has take the lead of the luxury market and is showing huge returns.
My view :
Much actions on the CaC 40 and more generally in Global Stock market are showing signs of parabolic growth. Everyday i select an action where i see sign of weakness in the parabolic structure. This type of trade is highly speculative but offers huge returns.
The 5rd wave is extended to 4.618 of the 1, that's show over price territory.
and are both overbought and divergent.
In Hyperwave theory the parabolic structure looks complete.
Type of Market : Irrational (Bubble).
Type of trade : Reversal.
Stop loss : 416.
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Let me know in the comment section which chart (Stock/Forex/Crypto) you would see me to analyse.
DISCLAIMER : I'm not a financial advisor. You trade at your own risk. I can't be responsible for your losses.
Have a nice day gentleman.