CRTO : Pulling Back In

Criteo S.A. (CRTO), is a technology company, provides marketing & monetization services on the internet in North & South America, Europe, Middle East, Asia-Pacific & Africa. It is based in Paris, France. It comes under Communication services sector & trades under “CRTO” ticker at Nasdaq.

CRTO made all time low at $5.89 in March-2020 during global sell off. Thereafter it started impulse sequence higher & favored ended at $46.65 high on 7/07/2021 as I red. While below there it favors correction against March-2020 low as II & expect to extend towards $29.06 – $20.11 area before turning higher.

CRTO : Elliott Wave Latest Daily View:

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It made all time low at $5.89 on 3/18/2020. While above there, it favored ended ((1)) at $11.60 high on 4/29/2020. It placed ((2)) at $8.55 low as 0.5 retracement of previous cycle. Thereafter it started third wave of third wave extension & favored ended at $42.50 high on 5/05/2021. Below there, it placed ((4)) at $33.50 low on 5/11/2021 as 0.236 retracement of ((3)). Finally, it favored ended ((5)) of I at $46.65 high on 7/07/2021. While below there, it favors correction in II as proposed zigzag structure.

Below $46.65 high, it placed ((A)) at $32.12 low & ((B)) at $40.76 high. While below there, it placed (1) & (2) at $33.99 high. Currently, it favors (3) of ((C)) lower & expect overall ((C)) to end between $29.06 – $20.11 area as zigzag correction in II before it turning higher or at least 3 swing bounce thereafter. So it expecting two more lows between equal leg area.

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