LAI made new low and is doing what it seems a falling wedge formation.We are near oversold range, are sitting at diagonal support line and have bullish divergence so I am expecting bounce up to test diagonal resistance line. From there correction which if it forms higher low opens path for breakout and test of S/R range at fibb 0.786 where likely again correction time (potentially forming inverted H&S pattern).
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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.