Ending of corrective wave ?
Updated
It looks like the corrective wave 2 of the LCX chart is composed of a WXYXZ pattern that is coming to a close near the .786 Fibonacci line
on top of that the RSI indicator has been signaling a bullish divergence on the daily timeframe
an entry would be adequate when the wedge breaks
on top of that the RSI indicator has been signaling a bullish divergence on the daily timeframe
an entry would be adequate when the wedge breaks
Note
0.786 fibonacci line reached hopefully end of 2 ?
if we break support we are probably going to plunge to the 90% retracement.
Note
Going to 0.9 fib lineNote
90% fibonacci reached Entry possible
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