LRC to drop down to the T1.00 pivot
LRC has had an incredible run since the gamestop announcement!
However whith any run that banks ~50% in less than 6 hours... you're gonna get a correction.
We're within a downward elliot wave cycle with E/1 landing at just about a dollar, once LRC tanks and goes below 0.99 or so
We will than see a rise back up but will, in my opnion, stay within the downward trend into the triangle for an eventual breakout.
However whith any run that banks ~50% in less than 6 hours... you're gonna get a correction.
We're within a downward elliot wave cycle with E/1 landing at just about a dollar, once LRC tanks and goes below 0.99 or so
We will than see a rise back up but will, in my opnion, stay within the downward trend into the triangle for an eventual breakout.
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Do we know our "A, B, Cs..." Can LRC pop back up to the top of the downtrend channel to get our D, or is it simply heading back down sooner rather than later to get a double bottom in?
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