Elemental Burst is a Normal Trap Card.
Trap Cards are normally Set first and can be activated on a later turn, often in response to an action.
On the current TCG and OCG Forbidden & Limited lists tracked here, Elemental Burst is Unlimited.
YGOPRODeck lists Elemental Burst for these formats: GOAT, OCG GOAT, Common Charity, Edison, TCG, OCG, Master Duel.
A listed print of Elemental Burst appears in Dark Revelation Volume 3 (DR3-EN179) at Common rarity.
Among markets shown on this page, the lowest listed snapshot for Elemental Burst is about $0.25 on Amazon (prices change frequently).
