It looks like the corrective wave 2 of the LCX chart is composed of a WXYXZ pattern that is coming to a close near the .786 Fibonacci line
on top of that the RSI indicator has been signaling a bullish divergence on the daily timeframe
an entry would be adequate when the wedge breaks
on top of that the RSI indicator has been signaling a bullish divergence on the daily timeframe
an entry would be adequate when the wedge breaks
Comment:
Going to 0.9 fib line
Comment:
90% fibonacci reached
Entry possible
Entry possible
hopefully end of 2 ?
if we break support we are probably going to plunge to the 90% retracement.