Global X Lithium: Upward Pressure!

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Global X Lithium has recently continued its upward move, coming close to the $75.83 resistance. Still, we primarily expect selling pressure to return and to push price below support at $58.59 and, ultimately, into our green Long Target Zone ($48.40–40.94). In this range, we anticipate the low of green wave [B]. If, however, the upward move prevails and price breaks above the $75.83 resistance, our alternative scenario could come into play. In that 33% likely case, we would expect a higher high in wave alt.[A] before the anticipated sell-off begins.

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