Early days yet but assuming that lithium prices stabilise and likely increase again slightly later this year as China demand ramps up again, then we should be in a sustained uptrend and likely to form an EW 5 wave impulse move such as the one below.
Possibly at the early stages of wave 3 and also about to begin the subwave 3 within it following the recent correction.
Again early stages, but if we do start to rise and clear the 80c mark then I would expect a swift move up to around the $1.18 mark before a retrace.
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