In this analysis of LPT, we identify a prominent Regular Flat pattern, one of the most striking formations currently seen in the market. Within the internal structure of wave C, a bearish Running pattern is evident, signaling potential further downside.
Despite this, I remain cautious and prefer to focus on the larger timeframes rather than the smaller ones. As a result, I am not shorting at this stage but instead waiting for a solid buy setup to emerge.
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.