LBALUM rebounded from 0.400 as per Elliott Waves' Theory on ABC Corrective Zone on expanded flat. It is also on Bat Harmonic Pattern where the price stabilised at fibo618 of Elliott's Wave 1 to Wave 5 waves. At present, the price has crossed the daily pivot point and is heading to 0.500 yearly pivot which happens to be Point B. To enter trade, the potential proposed trading plan is depicted in the chart.
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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.