Crocs Inc., (CROX) designs, manufactures, markets & distributes casual lifestyle footwear & accessories for men, women & children worldwide. The company sells its products in approximately 85 countries through wholesalers, retail stores, e-commerce sites & third-party marketplaces. It is based in Colorado, US, comes under Consumer Cyclical sector & trades as “CROX” ticker at Nasdaq.
In the previous article from 4.17.2023, CROX favored higher in (5) to finish ((1)) impulse sequence, which ended at 151.32 high & favors pullback in ((2)) in 7 swings structure. It favors lower in (Y) towards $80.76 – $50.05 area to finish ((2)) correction before upside resumes in ((3)).
CROX – Elliott Wave View From 4.17.2023:
It placed I at $183.88 high & II at as 3 swing zigzag correction at $46.08 low. Above there, it favors higher in wave III, which confirms above I high. It placed (1) of ((1)) at $80.64 high started from II low & (2) at $65.17 low. (2) was corrected 0.5 Fibonacci retracement of (1). Later, it extended higher in (3), which ended at $143.50 high. It ended (4) correction at $109.47 low as slightly lower below 0.382 Fibonacci retracement of (3). Finally, it ended (5) at $151.32 high as ((1)) of III.
CROX – Elliott Wave Latest Daily View:
It placed (W) of ((2)) at $101.65 low as 3 swing pullback. It bounced off in (X) connector as flat structure, which ended at $130.36 high. Below there, it favors lower in (Y) of ((2)) & expect to extend between $80.76 – $50.05 area before turning higher in ((3)) or at least can see 3 swing bounce. It favors lower in A of (Y) & expect small downside as it breaks below (W) low before a bounce in B connector. (Y) expect to unfold in 3 swings lower to finish the double correction in ((2)).
CROX – Elliott Wave Latest Weekly View:
Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99.
Back