LULU Elliott Wave Analysis Trading LoungeLululemon Athletica Inc., (LULU) Daily ChartLULU Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ZigzagPOSITION: Wave 2 of (1).DIRECTION: Bottom in wave 2.DETAILS: We are looking for a potential bottom in wave 2 as we seem to have completed a wave {c}. Looking for further upside as we break out of 400$.
Lululemon Athletica Inc., (LULU) 1H ChartLULU Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ZigzagPOSITION: Wave {c} of 4.DIRECTION: Bottom in wave {c}.DETAILS: Here I present to you an alternative count suggesting we are in a wave 4 of (1) and the whole move up from August 2024 low is yet to be complete and we could see completion as we approach Trading Level 5 at 500$.
This Elliott Wave analysis of Lululemon athletica Inc., (LULU) outlines both the daily and 1-hour chart structures, highlighting the current trends and possible future price movements.* LULU Elliott Wave Technical Analysis – Daily Chart*Lululemon (LULU) is showing signs of a potential bottom in wave 2 of a corrective Zigzag pattern. This suggests we may have completed wave {c}, setting the stage for further upside. A breakout above the $400 mark could confirm the start of a new bullish leg, as the stock looks to resume its upward trend.* LULU Elliott Wave Technical Analysis – 1H Chart*In this 1H chart of Lululemon (LULU), there’s an alternative count suggesting that we are currently in a wave 4 of (1), meaning the entire move up from the August 2024 low may still be unfolding. A potential completion of this move could occur as we approach the key Trading Level 5 at $500, where the stock might encounter resistance.Technical Analyst: Alessio BarrettaMore By This Author:Elliott Wave Technical Analysis: Polkadot Crypto Price News For Thursday, Jan 23
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