Long

Falling Wedge- Bullish - Update

Updated

Just posting a quick update on LAC here as it appears to be setting up again for another leg up. I played both previous run-ups when it was setting up very similarly to how it is now. Big falling wedge on the daily timeframe, clean bounce off the $19.04 support level, some bullish hidden divergence on the RSI, and a MACD golden cross on the 4-Hour Timeframe (Not Pictured). Additionally, LAC formed a massive bullish Gartley harmonic pattern on the weekly timeframe (See attached chart below). Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime -- Price Targets & Previous Charts Attached In Description --

- Falling Wedge
- Bollinger Bands Squeezing
- MACD Golden Cross on the 4-Hour Timeframe
- Bullish Gartley Harmonic Pattern Formed
- Bullish Hidden Divergence on the RSI

PT1- $24.23
PT2- $25.89
PT3- $26.94
PT4- $27.69

-- Weekly Timeframe --
https://www.tradingview.com/i/Qjx2jkUr/

-- Previously Charted --
https://www.tradingview.com/i/rPENXs7b/
https://www.tradingview.com/i/UpWvw7nw

Note

Price Target 1 Reached ✅

Note

PT2- Reached ✅

Trade closed manually

All Price Targets Reached ✅

jacobosiason7

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