Lyft at Support Confluence – Educational BreakdownLyft, Inc. Class ABATS:LYFTRK_ChaartsHello Friends, Welcome to RK_Chaarts, Today, we’re taking a look at the chart of LYFT, which is a great example of how multiple technical signals can align on a single chart. This is purely for Educational purposes. Lyft is sitting at a technically very interesting area. Where Elliott waves are suggesting Impulse ahead, Supporting by Hidden Bullish Divergence at same area, which increases probability of bounce from current levels and Volume profile is also suggesting POC as a support below current levels which is again a good sign for same bias. Elliott Wave structure, Volume Profile support, and Hidden Bullish Divergence across multiple timeframes are all converging toward the same conclusion, with Invalidation level as per Elliott Wave theory is 12.46, the next major move could be up, and it could be significant. Lets check them one by one Elliott Wave Structure: From the bottom of May 2023, which is life time low as per today, We have started impulse counts from there, Wave (1) rallied from $7.85 to the $20.85 which is Top of March 2024 in a clean 5-wave structure. A complex W-X-Y correction followed as Wave (2), dragged down to $9 – $10 which is Low of April 2025. Again followed by Wave (3) which made significant high of $ 25.54 which is Top of Nov 2025, and then followed by corrective wave (4) dragged down by 12.46 which is Low of March 2026. Now possibly we have started unfolding wave (5) upwards, which should go beyond high of wave (3) as per Elliott Wave theory. If our counts are going to be right, then low of wave (4) should not to be break, as per theory, so now we can say Invalidation level is $ 12.45 of this view. Volume Profile : Confirming the Support Zone The Volume Profile measured from the November 2025 high aligns perfectly with the Elliott Wave count: $13.30 (POC): The Point of Control. Most trading since the high has occurred here. This is the strongest magnet and support on the chart, as per POC aggressive buyers to defend this level. $12.47 (VAL): Low point below POC, which is Value area of volume on Lower side, this means Current last Support. Aligning with our Elliott wave Invalidation level. $19.07 (VAH): First real wall. Trapped sellers from the decline will exit here. A confirmed break above $19 would be a major bullish signal. Hidden Bullish Divergence on Weekly Timeframe This is what elevates this setup above an ordinary wave count. Hidden Bullish Divergence (HBD) has been identified on both the Weekly and Hourly timeframes simultaneously. Hidden Bullish Divergence occurs when price makes a Higher Low but the momentum indicator makes a Lower Low. Unlike regular divergence which signals reversal, HBD signals trend continuation during a pullback, it tells you the underlying trend is still bullish and the current weakness is a buying opportunity, not a breakdown. When HBD appears on two timeframes as far apart as Weekly and Hourly simultaneously, pointing in the same direction, it is a signal that deserves serious attention. Combined with the Wave (4) completion zone and Volume POC, the technical confluence here is genuinely compelling. Conclusion: When Elliott Wave Counts & Structure, Volume support, and Divergence all converge at the same level, it’s more than a single signal setup, it’s confluence. As long as 12.46 holds, the bias favors a significant move higher. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on https://in.tradingview.com/u/RK_Chaarts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.