LULU (ADX) The correction’s cooked!!🔥 LULU (ADX) – 1H Timeframe
Lulu Retail Holdings PLC
“LULU just cracked structure at 1.34 and flipped the script. The correction’s cooked, momentum’s shifting, and the bulls are looking to ride this wave straight into those stacked supply zones. Stops are tight, upside’s clean — this is where the move begins.”
🧠 Elliott Wave Breakdown
🔁 Wave (1) and (2) appear locked in
✅ Break of Structure (BOS) above 1.34 confirms bullish reversal
🔼 Price now riding Wave (3) with pullback forming Wave (4) setup
🔺 Final target projected in Wave (5) zone at 1.79 – 1.84
🎯 Trade Setup
Entry 1.35 (current zone)
Stop Loss (tight)** Below trendline @ ~1.31 (for conservative traders)
Stop Loss (wide)** 1.25 (below demand zone for higher tolerance)
Take Profit 1.79 – 1.84
R/R Ratio ~1:3.2 – 1:4.5
“All structure, no noise. When price breaks out and retests clean, you either trust the wave or stay flat. That demand zone held — now let the market do its job.”
⚠️ Disclaimer
This analysis is for educational purposes only. Not financial advice. Use stop-loss strategies that fit your risk profile.
