Elliott Wave Setup with Key FIB Levels

Potential Move: LCID is showing a potential move toward the $3.81 to $4.20 range, aligning with Fibonacci levels 2 and 2.272.

Supply Zone: This zone corresponds to a supply zone, identified as the end of the first wave in the Elliott Wave theory.

RSI Overbought Zone: As the RSI reaches the overbought zone, a price pullback is anticipated.

Imbalance Zone & Pullback: The pullback is expected to target the imbalance zone between the 0.886 and 0.786 Fibonacci levels, forming Wave 2.

Wave 3 Target: After the pullback, a surge toward $5.14 is anticipated as Wave 3 develops.

Personal Trading Plan:
Sell Position: Plan to sell at $3.81, capitalizing on the anticipated move to the supply zone.
Re-entry Buy: Re-enter after the pullback in the imbalance zone, between the 0.886 and 0.786 Fibonacci levels, targeting the Wave 3 surge.

Disclaimer: This is not financial advice. Always conduct your own research and consult a financial advisor before making investment decisions.