so 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
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
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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.