LRCX is moving south again in line with our primary expectation. The price should now fall below the support at $299.59 with its gray wave c until it ends in the white target zone between $279.57 and $156.62, thus completing the superior white wave (II). Our alternative on the upside has lost some probability but remains in place with a chance of 38%. This scenario predicts an overshooting wave alt.b in gray on a break above the resistance at $726.53 before the price moves lower, as in our primary expectation.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.