lucid longer term outlook???i decided to play around with elliot waves tonight and i pulled up a full tranperent veiw of the elliot theroy and put it against the lucid trend. lucid has huge potential and im a shorter term trader. howevr long term veiw looks phenominal for a long term iverster. this isnt hype post dont buy tops 100% becuase nothing is gaurenteed. this could be wrong but if we zoom out and look at what the possibilities could look like , if this is all going to be wave 1 of 5 we would still have occur what i posted in my last post which ultimatly would dip us to 28$ range.. but how nuts would this be if this was all going to end wave 1 of 5
LCID trade ideas
lucidso ive been posting alot of shorts on lucid but i did some further looking into an ABC corrective wave structure. i was off with my A and B areas as i always though the and A and B was up towards the top closer to the 5th wave. so hear me out.... if this is correct, and im on point with this idea..... then we would push up closer to 43.50s before a pull back to the 41.80s...this will create an inverse head and shoulders pushing us up towards our B. this recent drop would be an A wave and we could be off to make the B. if im correct here our B would come up towards .786 fib towards 48.79... after these 2 scenerios play out here...from that point look at my red drawing here...if this is what i see on a proper elliot wave structure then we could see something similar play out.... this would be bullish for lucid short termish with a longer term bearish veiw after reaching upper 48.79s comment below if you agree or disagree with this structure
in order for this to play out, we NEED to push up towards close to 44-43.50ish range and see a pull back to the .618 fib
LCID Call in the next day or 2. Learning LEAPSI am currently studying how to enter leap position. Using Stoch RSI and RSI I am finding oversold spots with confirmation that could lead to good gains. I am still new at this so any help on my idea would be great. Waiting for Stoch RSI to break into the channel to enter for Jan 2023. The plan is to shoot for previous highs or 3 months hold which ever comes first.
Lucid Finding heavy resistance around these levels. EMA ribbon flipped bearish. Could be rising wedge. Ichumchi cloud that was support is resistance currently. EMA ribbon Goes as high as 41.50. The only bullish thing is the recent low is supported by EMA support on 4 hour and ichumchi cloud on 4 hour. Howver it could take some time to start flipping those bearish. Still be cautious unless we reclaim 42
$LCID Motors Target - 35.58$LCID motors Target 35.58
Technical weakness here is pointing to a move lower…
GL, and let me know your thoughts!!
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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LCID off Pivot*Pivot from 34.75-36
very convenient timing for this stock to be added to Nasdaq, directly off my pivot i marked after the first run up in February. Best risk scenario is a retest of the top of the overnight gap @~39, then maybe a gap fill ~37.5. Will set alarms but won't look to trade off open
LCID TECHNICAL ANALYSIS lcid is forming a cup and handle pattern on the daily.
if the trendline breaks, we may see a strong move.
hoping for the pattern to follow on through or hint to wanting to do so within the next two weeks.
i know it's a bit hard to see because u am trying something different with marking levels.
feel free to give and/or suggest advice on anything.
$LCID | WEEKLY WATCHLIST 12/13$LCID 1D
Last week, we saw Lucid sell off on senior notes offering news. Bouncing off the GP, we may see potential bottom here. Wait for smaller degree wave 1-2 form first (green path) for some better confirmation. Also included a fractal path to note labelled in blue...
Buy during fear, sell during greed 🧐LCID seeing the pullback I predicted on my last analysis after the lower high and extreme overbought RSI resistance.
Unlike many other creators here Im not a perma short, I think logically. And I will always be this way!
clearly we are approaching big support levels, price targets from here are 42-47-55, I would consider puts/short again once we approach trendline resistance! right now thats a verify high risk play.
goodluck traders, like and follow for more 💘
LCID Another buy opportunity Looking at the chart right here ,
we can see LCID has been been pumped really high before ,
now its cooling down and we can see price has dropped 30% from the peak ,
this is a great buy opportunity for those who missed before instead of FOMO ,
we can wait until price dropped back to the "demand area" then we can place a buy order ,
remember to trade and invest with your own DD , this is just my thought on this stock .
Ps. LCID is a great long term EV stock
Give it a like or comment if you like this idea !
LUCIDTesla without the douche CEO...
MACD cross on the daily was bearish, expect a retrace after completing the measured move.
RSI is in the overbought territory, look for higher lows n highs for continuation and vice versa for the opposite.
Volume is high.
1.618 is your first "long" target, then your extension target.
Tesla stock price was added just so you can see what the gains would be like if that were to happen to Lucid. 20x is wild...
New Target for LUCIDLCID will come down for the same reason it jumped up..!
Previous analysis:
and before that:
you may benefit from this post as well:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
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