Hello and Welcome! In the month after the IPO, the shares of the fintech company DLocal formed three waves and are now in correction. I assume that the current correction represents the fourth wave. Let me remind you that DLocal operates in emerging markets by processing online payments.
I currently have two points where wave [iv] can be completed.
wave ((iv)) = 0.382 wave ((i)) ~ 45.76
wave ((iv)) = 0.500 wave ((i)) ~ 42.73
I do not exclude an alternative scenario in which the current decline is the second wave in the third wave.
I currently have two points where wave [iv] can be completed.
wave ((iv)) = 0.382 wave ((i)) ~ 45.76
wave ((iv)) = 0.500 wave ((i)) ~ 42.73
I do not exclude an alternative scenario in which the current decline is the second wave in the third wave.
Note
Probably the fourth wave is not yet complete.Note
Wave (iv) took the form of an expanded flat. It is possible that now there is a wave (v) or a wave iii of (iii).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.