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LPT 8H Update
LPT / TetherUS
Short
LPT 8H Update
By Stoic-Trader
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Oct 26
4
Oct 26
After a 50% pullback for green X, the blue WXY correction should target the 100% extension of the green WX leg.
This would lead to a test of 8.970, which also matches a support zone from August low.
The lack of RSI divergence also supports this scenario.
Invalidation is above 13.700 (pink level in chart).
Chart Patterns
Elliott Wave
Trend Analysis
Stoic-Trader
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