Adidas AG (ADS) | Preparing for Wave 5 Rally Toward €500–€1,200adidas AGXETR_DLY:ADSfibcosAdidas AG (XETR:ADS) | Long-Term Elliott Wave & Structural Outlook Adidas AG is completing a Wave 4 correction near key Fibonacci support, aligning technical structure and smart money accumulation for a potential long-term Wave 5 expansion toward €500–€1,200. 📊 Technical & Fundamental Confluence for Multi-Year Expansion Potential Summary: Adidas AG (ADS) is approaching the completion of a major Wave 4 correction within a long-term Elliott Wave structure originating from the 2009 low. The broader market structure remains intact, suggesting the potential for a strong Wave 5 impulsive advance in the coming years. Technical Overview 🌀 The current corrective leg has retraced near the 0.382 Fibonacci level, a typical Wave 4 depth before a continuation move. Elliott Wave projections indicate potential Wave 5 extensions toward €529 (3.618) and €1,290 (4.618), aligning with historical impulsive proportions. Price has recently swept liquidity below key swing lows, hinting at accumulation within a higher-timeframe demand zone. Smart Money & Market Structure 💰 Evidence of institutional accumulation and potential reaccumulation phase. A confirmed break of structure (BoS) and impulsive follow-through would validate the transition into the markup phase. The long-term uptrend remains valid as long as Wave 4 support holds. Market Cycle & Fundamentals ⚙️ Adidas may be shifting from markdown to accumulation, aligning with the early stages of a new expansion cycle. Fundamentally supported by strong brand equity, global positioning, and improving margins as macro conditions stabilize. Long-term investors could find value within current price ranges. Outlook 🚀 As long as the €130–€160 accumulation zone remains intact, confluence across wave theory, Fibonacci structure, and smart money behavior supports a bullish long-term scenario toward €500–€1,200. 📈 Bias: Long-Term Bullish 📍 Accumulation Zone: €130 – €160 🎯 Targets: €529 → €1,290 #Adidas #ADS #ElliottWave #SmartMoneyConcepts #PriceAction #Fibonacci #MarketStructure #Fundamentals #LongTermInvesting #TradingView