I believe I posted here yesterday, my elliot wave prediction for LRC. I was wrong. It broke straight through my upper negative resistance trend and has now hit it R2(..? 🤯) weekly pivot. I'm still going to be posting this in a short position for LRC, because I do still believe that we are going to see a descending triangle breakout.
In this video I also share about how important it is to locate, chart, and follow your positive and negative trend/channel convergences.
Watch till the end to get a little advice on using the strength index.