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Lucid Group, Inc.

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LCID trade ideas

lucid longer term outlook???i decided to play around with elliot waves tonight and i pulled up a full tranperent veiw of the elliot theroy and put it against the lucid trend. lucid has huge potential and im a shorter term trader. howevr long term veiw looks phenominal for a long term iverster. this isnt hype post dont buy tops 100% becuase nothing is gaurenteed. this could be wrong but if we zoom out and look at what the possibilities could look like , if this is all going to be wave 1 of 5 we would still have occur what i posted in my last post which ultimatly would dip us to 28$ range.. but how nuts would this be if this was all going to end wave 1 of 5
NASDAQ:LCID
by Erictaylor
2
lucidso ive been posting alot of shorts on lucid but i did some further looking into an ABC corrective wave structure. i was off with my A and B areas as i always though the and A and B was up towards the top closer to the 5th wave. so hear me out.... if this is correct, and im on point with this idea..... then we would push up closer to 43.50s before a pull back to the 41.80s...this will create an inverse head and shoulders pushing us up towards our B. this recent drop would be an A wave and we could be off to make the B. if im correct here our B would come up towards .786 fib towards 48.79... after these 2 scenerios play out here...from that point look at my red drawing here...if this is what i see on a proper elliot wave structure then we could see something similar play out.... this would be bullish for lucid short termish with a longer term bearish veiw after reaching upper 48.79s comment below if you agree or disagree with this structure in order for this to play out, we NEED to push up towards close to 44-43.50ish range and see a pull back to the .618 fib
NASDAQ:LCID
by Erictaylor
$LCID Motors Target - 35.58$LCID motors Target 35.58 Technical weakness here is pointing to a move lower… GL, and let me know your thoughts!! —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!! (\_/) ( •_•) / >🚀
NASDAQ:LCIDShort
by SPYder_QQQueen_Trading
5