LPT has a buying opportunity !
Updated
From the point where we placed the green arrow on the chart, it seems that LPT has entered a diametric pattern.
Wave D appears to have been a triangle that has completed.
If a pullback occurs towards the green zone, it would be a buying opportunity.
A daily candle closing below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Wave D appears to have been a triangle that has completed.
If a pullback occurs towards the green zone, it would be a buying opportunity.
A daily candle closing below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
The structure analyzed on LPT was accurate; it was just that the market maker caused some panic. After dropping towards the entry zone as per the previous analysis, LPT made a strong upward reversal.
The invalidation condition was the closure of a daily candle below the invalidation level, which didn’t happen, keeping the analysis valid.
So far, it has pumped over 37% from our entry zone.
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