(ASX): TLC - THE LOTTERY COPORATION LIMITED || March 12, 2024(XDJ): CONSUMER DISCRETIONARY
(ASX): TLC - THE LOTTERY COPORATION LIMITED || March 12, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M).
(Left chart): The broader context (1D chart) reveals that from the low at 4.35, the bull market began to unfold. Wave 4-red appears to have concluded at the low of 4.99 with a Triangle Pattern, followed by wave 5-red continuing to rise higher to achieve the next price target at 5.31.
(Right chart): The short-term outlook provides more detail on wave 5-red's ascent. As long as the price remains above the low of 4.99, the .618 level may potentially play a supportive role in further developing the bull market to higher levels.
