$LAC - RC -
Added 2023-11-21 19:26:50 +0000 UTC$LAC broke to the downside of its triangle, after it could not hold the 0.618 Fib and the bottom trend line of the triangle.
It has since found support on the 0.78 Fib at $6.40 but it remains to be seen if this is the final support for $LAC.
As long as the price action is below the 50 and 200 Day MA's here, the trend is still to the downside.
Bulls will want to see a series of higher highs and higher lows next in order for us to show the start of the next impulse wave.
Holding at the 0.78 Fib is still a valid support level for this pull back since the end of 2022, to be a valid Wave 2.
