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Long

LYB. Potential Scenario

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NYSE:LYB   LYONDELLBASELL INDUSTRIES N V
112 0 2
Elliot Wave 5 advance. ABC potential corrective Wave.
Double top at ( 5 , A ). 27/1 Uptrend_line brake_out.
potential A Wave termination at 2.168 extension, 38.2%
retracement, Channel upper bound ( yellow-ish ), Gap Filled. Bullish Hammer reversal. retest.

( potential path indicated )
Potential B Wave reaction, at 23.6%, 1.618 extension, downtrend_line resistance(channel), at 105.67.

Potential C Wave(Zig Zag) terminating at 50% retracement, lower bound channel, concluding an AB=CD .
Otherwise a C flat.

RSI within channel, rising from oversold, MACD cross_over. OBV holding uptrend_line.
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