Ending of corrective wave ?
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.