LTO decided to forgo the cup and handle idea and decided to go straight to all time highs - definitely not complaining. It has been following this particular channel since March, before a failed breakout and retest made it lose it. LTO traded below the channel for two months, before bottoming out, reclaiming the channel and is now retesting the upper trend line. It looks like it is retesting the lower trend line before proceeding with its price action. I am expecting it to retest the previous range highs, anywhere around the .11-.125 before continuing it's uptrend. This would form the handle, similar to the previous idea.
Previous idea, detailing the breakout.
Previous idea, detailing the breakout.
