LPT - Retracement Before New High
LPT has had a good leg up and may continue up toward the 7.7 to 7.9 range where resistance exists. I am expecting a retracement back down to 6.6 (ish) as there is a large amount of liquidity just begging for some attention. Supported by Fib as well.
The market will have to decide at that poinnt, but my own opinion from analysis includes a continuation after retracement. Liquidity will again pull the price upward as it is resting above levels 9.9 and also above the previous high of 11.5. Promising scenario. An idea may be to wait on the pull back period, and go LONG at the break up.
The market will have to decide at that poinnt, but my own opinion from analysis includes a continuation after retracement. Liquidity will again pull the price upward as it is resting above levels 9.9 and also above the previous high of 11.5. Promising scenario. An idea may be to wait on the pull back period, and go LONG at the break up.
Comment:
Disregard this view. I hadn't placed things properly yet when posted