Volkswagen AG - Long-Term Opportunity DevelopingVolkswagen AGXETR_DLY:VOWMikaDuckVolkswagen appears to have completed a full 5-wave impulse cycle, topping out around the 2021 highs. Since then, price action has transitioned into a broader corrective phase, likely unfolding as an ABC structure. Wave A marked the initial sell-off, followed by a Wave B recovery. Currently, price action suggests we are in Wave C, which typically represents the final leg of a correction. From a structural perspective, the trend remains weak: Lower highs and lower lows No confirmed reversal yet Price trading below key retracement levels Key Levels 61.8% retracement (~105€): First major resistance 78.6% – 88.7% zone (~55–75€): High-probability demand zone Long-term support (~34€): Historical floor My Plan (Long Setup) I am not looking to enter at current levels. Instead, I’m watching for price to move into the 55€–75€ zone, which aligns with: Deep Fibonacci retracement levels Potential completion of Wave C Long-term value area within the broader range This zone offers a high risk/reward long opportunity if: Price shows signs of stabilization Selling pressure weakens A structural shift begins (higher lows / reclaim of key levels) Invalidation / Risk A clean breakdown below ~55€ would suggest a deeper structural shift No confirmation = no position Conclusion Volkswagen is not currently in a trend phase, but rather in a long-term corrective structure. The focus is on patience and positioning in extreme value zones, not chasing price. This is a planned long setup, not an active trade.