Early days yet but assuming that lithium prices stabilise and...

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.