$LA 1Hr Chart Analysis

$LA just completed a clean Wave (3) impulse after a breakout — now entering Wave (4) correction territory.

• Wave (1) began the trend shift, Wave (2) held strong above support.

• Wave (3) exploded with power, pushing price up from $0.47 to $0.53+

• We’re now seeing a cool-off — likely a Wave (4) retracement.

Retracement Levels:

• 0.382 Fib at $0.520

• 0.5 Fib at $0.514

This $0.514–0.520 zone is critical — strong bounce here = Wave (5) incoming!

If support holds: Expect a push toward $0.545–0.560+ 🚀

If $0.514 breaks: Deeper correction likely, wave invalidation risk grows.