$LA 1Hr Chart Analysis
{alpha}(560x389ad4bb96d0d6ee5b6ef0efaf4b7db0ba2e02a0)
$LA just completed a clean Wave (3) impulse after a breakout โ now entering Wave (4) correction territory.
โข Wave (1) began the trend shift, Wave (2) held strong above support.
โข Wave (3) exploded with power, pushing price up from $0.47 to $0.53+
โข Weโre now seeing a cool-off โ likely a Wave (4) retracement.
Retracement Levels:
โข 0.382 Fib at $0.520
โข 0.5 Fib at $0.514
This $0.514โ0.520 zone is critical โ strong bounce here = Wave (5) incoming!
If support holds: Expect a push toward $0.545โ0.560+ ๐
If $0.514 breaks: Deeper correction likely, wave invalidation risk grows.