CHDRF - LVMH/Christian Dior: Setups Are Not Certainties When And How To Adjust Your Stance

2024-01-23 08:00:00 ET

Summary

• LVMH's stock price has corrected but faces uncertainty in the luxury market due to weak consumption in China.
• The structure of price in LVMH suggests a potential prolonged corrective move.
• A bounce in price is expected, but the structure of the bounce will determine the next likely move.

By Levi at Elliott Wave Trader; Produced with Avi Gilburt

Back in September we had our eye on a potential setup for “All Things Luxury” . You can see the specifics of that projection here . And since we view the markets from a probabilistic vantage point, at that moment in time, the probabilities suggested that price would hold support and then turn up in the next phase of the rally....

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