LPT 8H Update


After a 50% pullback for green X, the blue WXY correction should target the 100% extension of the green WX leg.

This would lead to a test of 8.970, which also matches a support zone from August low.

The lack of RSI divergence also supports this scenario.

Invalidation is above 13.700 (pink level in chart).
Chart PatternsElliott WaveTrend Analysis

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