Possible 66% move coming from bottom of broadening wedge

Lotus is currently flashing a broadening wedge pattern. Assuming the bottom is not yet in and another leg down is in order we're looking at a measured move of 66% from the next likely bottom on the lower trend.

评论:

Despite the broader sector providing the downward thrust for URA's Cup and Handle, Lotus is proceeding apace. We'll see if the greater market struggles catch up to it.

Spot is all hedgie gamesmanship at the moment.