Technical analysis by Dylouterror about Symbol LPT: Buy recommendation (9/3/2024)

In this analysis of LPT, we identify a prominent Regular Flat pattern, one of the most striking formations currently seen in the market. Within the internal structure of wave C, a bearish Running pattern is evident, signaling potential further downside. Despite this, I remain cautious and prefer to focus on the larger timeframes rather than the smaller ones. As a result, I am not shorting at this stage but instead waiting for a solid buy setup to emerge.