$LAB ICT, SMC, Elliott Wave & Fibonacci Analysis.
$LAB is trading around 0.1480 after rejecting the 0.1743 liquidity sweep. ICT concepts suggest buy-side liquidity was engineered above prior highs before a sharp displacement lower into discount. Current price is testing a demand zone near the 0.146–0.148 fair value gap, while RSI remains weak, implying consolidation before the next impulse. Elliott Wave structure favors completion of a corrective Wave C, with a potential bullish Wave 1 beginning if buyers defend this support. Fibonacci retracement from 0.1403–0.1743 highlights 0.1533 (38.2%), 0.1573 (50%), and 0.1613 (61.8%) as key recovery objectives. A sustained move above 0.1535 would confirm bullish continuation; failure below 0.1403 invalidates the setup and exposes fresh lows.
Next 3 Take Profit (TP) Levels:
TP1: 0.1533
TP2: 0.1573
TP3: 0.1613
$LAB is trading around 0.1480 after rejecting the 0.1743 liquidity sweep. ICT concepts suggest buy-side liquidity was engineered above prior highs before a sharp displacement lower into discount. Current price is testing a demand zone near the 0.146–0.148 fair value gap, while RSI remains weak, implying consolidation before the next impulse. Elliott Wave structure favors completion of a corrective Wave C, with a potential bullish Wave 1 beginning if buyers defend this support. Fibonacci retracement from 0.1403–0.1743 highlights 0.1533 (38.2%), 0.1573 (50%), and 0.1613 (61.8%) as key recovery objectives. A sustained move above 0.1535 would confirm bullish continuation; failure below 0.1403 invalidates the setup and exposes fresh lows.
Next 3 Take Profit (TP) Levels:
TP1: 0.1533
TP2: 0.1573
TP3: 0.1613