Mar. 21 at 11:37 AM
$LYFT – The Wave (5) bottom is in. Now what?
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The Setup:
After a clinical 5-wave decline from the Q1 highs, the tape completed its terminal flush near
$12.80–
$13.00. Today’s print at
$13.52 represents the first stabilization after exhaustion. The Slopes Avg of -0.00199 confirms the aggressive one-way selling has burned out .
The Levels That Matter:
Support:
$13.48 – The line in the sand. A 4H close below and the abc recovery is dead. Next stop:
$12.50 abyss.
Pivot:
$13.78 – Reclaim this, and algorithms trigger the impulsive move.
Resistance Wall:
$14.46 (0.382 Fib) – The graveyard of recent rallies.
Primary Target:
$14.97 (0.5 Fib) – Aligns with
$15 Fair Value estimates. This is where real sellers step in .
Structural Reversal:
$15.47 (0.618 Fib) – Above this, the 2026 bear thesis gets invalidated.
