Airbus shares continue to struggle at the resistance level of €139.40. In our primary assumption, the price should soon leave this level behind and complete the magenta-colored (1) with the top of the turquoise wave 5, before it goes down again significantly in the same color wave (2). If this downward journey is prolonged to the immediate vicinity of the support at €48.08, a new low of the gray old.II can be expected, shifted to the right. Primarily, however, we believe that the stock is already on the upswing of gray III, whose five-part magenta substructure should break out to its impulsive (3) after the low of (2) and set new all-time highs in the process.
