$LVMHF - TOP 10 -
Added 2025-03-19 13:38:57 +0000 UTCPrice is still in search of support confirmation since pulling back since mid Jan but we can see that the pull back has been in 3 waves which aligns with being a corrective wave, meaning we expect an impulse wave higher to follow, but there needs to be a higher low in first and support confirmed.
Price action is also in a descending wedge which is a bullish formation but the price can drift down within this formation until support is found, so it is a form of consolidation too.
So we need to see support here shortly, followed by a higher high and higher low and recapturing higher support levels and ultimately breaking out of this wedge at $740 next to confirm a reversal to the upside.
