📊#LPT may rise based on a declining wedge📈

25. Okt. 2023

➡️From the chart, we can see that we have made a substantial correction after achieving the goal of double bottom. In the process of adjustment, we have gradually been squeezed and formed a descending wedge structure. At present, our upper line has broken the descending wedge resistance line, but the closing price has not stood above the descending wedge resistance line, so we can judge that this breakthrough is just an attempt. Otherwise, it is considered a breakthrough success.

🧠If we look at it as a non-breakout success, then I would prefer to form a bottom-smiley bullish structure, and if this scenario is true, then combined with the inverted nature of the declining wedge structure, we have a higher probability of reversing higher.💯

➡️So now all you have to do is wait for the right opportunity to come along☕️👀

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