Lucid Group continues its broader bearish move but now approaches a critical juncture with a well defined ending diagonal formation, often signaling trend exhaustion. Price action is nearing a historically strong demand zone, increasing the probability of a sharp reaction.
The trading plan is clear patiently accumulate within the projected buy zone as outlined on the chart, with focus on tracking price movement along the mapped reversal path. The setup presents a potential high reward-to-risk opportunity targeting the main sell-off resistance area, where major decisions will be reassessed.
Watch price closely as the ending diagonal matures. A strong bullish reaction could mark the start of a mid-term reversal phase.
📍Drop your stock requests in the comments for quick technical updates only US stock assets will be analyzed under this post.
The trading plan is clear patiently accumulate within the projected buy zone as outlined on the chart, with focus on tracking price movement along the mapped reversal path. The setup presents a potential high reward-to-risk opportunity targeting the main sell-off resistance area, where major decisions will be reassessed.
Watch price closely as the ending diagonal matures. A strong bullish reaction could mark the start of a mid-term reversal phase.
📍Drop your stock requests in the comments for quick technical updates only US stock assets will be analyzed under this post.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.