Short
Five Wave move for LUNC complete
As ever, i'm no Elliot Wave count expert, but looks as though LUNC has completed a 5-wave up move.
Nicely up to the previous swing high of ~16000.
The fact that this 5 wave move is in itself part of a longer time move, and this is simply wave-1; only time will tell. If that is the case, maybe bring our attention to the 0.618 retracement zone to look for where price might land.
As messy as it is, and im sorry for that, but here you have some horizontal lines of resistance/support to watch on any retracement. Also overlaid is the fibonacci retracement mapping, with the key lines.
Wishing you all the best as ever.
Nicely up to the previous swing high of ~16000.
The fact that this 5 wave move is in itself part of a longer time move, and this is simply wave-1; only time will tell. If that is the case, maybe bring our attention to the 0.618 retracement zone to look for where price might land.
As messy as it is, and im sorry for that, but here you have some horizontal lines of resistance/support to watch on any retracement. Also overlaid is the fibonacci retracement mapping, with the key lines.
Wishing you all the best as ever.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.