CROX reacted higher from blue box area and favors upside

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.

CROX ended impulse Elliott Wave sequence as wave I at $183.88 high started from November-2008 low. Below there, it proposed ended wave II at $46.08 in zigzag correction ended in blue box area. It favors higher in ((1)) of III & expects further upside before pullback starts in ((2)) correction.

CROX – Elliott Wave latest weekly view

It made all time low at $0.79 in November-2008. It placed ((1)) of I at $32.47 high & ((2)) at $8.40 low as flat correction. Above there, it favored higher in ((3)) as extended sequence ended at $163.18 high. Wave ((4)) was shallow correction ended at $125.54 low as 0.236 Fibonacci retracement. Finally, it ended ((5)) as I at $183.88 high. Below I high, it placed ((A)) at $115.85 low & ((B)) at $136.81 high. Wave ((C)) of zigzag correction ended at $46.08 low within blue box area as II.

CROX – Elliott Wave latest daily view

Above II low, it favors higher in ((1)) of III. III red will confirm above I high. It placed (1) at $83.64 high, (2) at $65.17 low, (3) at $143.50 high as extended sequence and (4) at $109.47 low as 0.382 Fibonacci retracement. Currently, it favors higher in 3 of (5) & expect new high above (3) to finish wave ((1)). Later it expects a larger pullback in ((2)) in 3, 7 or 11 swings, which remain supported above II low to resume higher. Buyers from the blue box area is already having risk free position.