This is a structure-based long trade on LICI, following a potential completion of an A-B-C correction.
The price action suggests that the correction phase may have just ended, and we're seeing signs of early reversal. A rally from the lows adds weight to the bullish case, and the current level offers a good opportunity to participate — with clear structure and support.
📌 Two possible approaches to enter:
✅ Entry after A-B-C completion, around support — for early positioning with better R:R.
🔁 Alternate Entry: Wait for price to rally, then pull back to retest broken structure or support.
This offers more confirmation, but comes with the risk of FOMO (Fear of Missing Out) if price doesn’t pull back.
We’ve opted to wait for the correction to complete, and now watch for price to hold and show strength around support zones.
As always, plan your trade:
🛑 Stop-loss just below the C wave / support of 759.90
🎯 Target based on impulse projection or structure levels — ideally with 1:2 R:R or better
The price action suggests that the correction phase may have just ended, and we're seeing signs of early reversal. A rally from the lows adds weight to the bullish case, and the current level offers a good opportunity to participate — with clear structure and support.
📌 Two possible approaches to enter:
✅ Entry after A-B-C completion, around support — for early positioning with better R:R.
🔁 Alternate Entry: Wait for price to rally, then pull back to retest broken structure or support.
This offers more confirmation, but comes with the risk of FOMO (Fear of Missing Out) if price doesn’t pull back.
We’ve opted to wait for the correction to complete, and now watch for price to hold and show strength around support zones.
As always, plan your trade:
🛑 Stop-loss just below the C wave / support of 759.90
🎯 Target based on impulse projection or structure levels — ideally with 1:2 R:R or better
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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.
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.