i have reason to believe that lucid is about to complete a little wave 2 correction here,
it was a 3-3-5 flat, rather than your usual 5-3-5 zig-zag.
what we know is, if this wave 2 was a flat - then wave 4 will be a sharp correction (so anticipate it when the time comes)
in theory what comes next in the days \ weeks ahead is a parabolic wave 3 with an upside target of $50.
there are risks to this trade, so keep a tight stop loss just below $20.50
4% risk
140% reward.
💸
it was a 3-3-5 flat, rather than your usual 5-3-5 zig-zag.
what we know is, if this wave 2 was a flat - then wave 4 will be a sharp correction (so anticipate it when the time comes)
in theory what comes next in the days \ weeks ahead is a parabolic wave 3 with an upside target of $50.
there are risks to this trade, so keep a tight stop loss just below $20.50
4% risk
140% reward.
💸
Note
💸
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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.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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.