Here is the bigger picture for LRCX, as referenced in previous post on expanding triangle.
We are currently at the transition from f of C of 4 and for the reasons outlined in last idea it is likely that wave 5 of the larger impulse is about to begin (or began May 20), to summarize:
- wave 4 was an expanded flat with an ending expanding triangle as the 5th wave...
The pentagram allows you to predict the appearance of reference points, as well as determine significant levels inside model. Sideways movement, a rebound from the level and a breakdown upon re-entry or change in direction of movement can happen on their horizontal projections.
The blue line is the diagonal level of support/resistance.
Sell from the top levels...
Pay attention to the levels of 0.9770 and 0.9740. Buy if there is a reversal pattern on the lower timeframe. Hypothetical support/resistance levels of 0.9800/0.9843/0.9904/ 0.9956/0.9994/1.0026. Hypothetical targets - horizontal levels, the main target 1.0126 (1.0181).
Sell from the top levels to the targets at the bottom, buy from the targets at the bottom...
After blue trendline breakout and after consolidation above it – buy-scenario.
After green trendline breakout and after consolidation under it – sell-scenario.
Pentagram's points - support/resistance levels.
Pentagram's entry points determine the reversal of the temporary trend.
Sell from the top levels to the targets at the bottom, buy from the targets at the bottom towards the top levels.
Use complex analysis.
The entry points indicated by the pentagram determine the reversal of the time trend.
How it works: sell from the top levels to the targets at the bottom, buy from the targets at the bottom towards the top levels.
The goals of the senior plan model are in priority.
Use complex analysis.
The pentagram allows predicting the appearance of reference (defining) points, as well as determining significant price levels within the limits of this Model.
Sideways trend, price rebound, a reversal of movement can occur inside these levels.
The pentagram allows predicting the appearance of reference (defining) points, as well as determining significant price levels within the limits of this Model.
Sideways trend, price rebound, a reversal of movement can occur inside these levels.
