My previous analyses are not invalidated yet (although I'm running out of patience). I have decided to add more supportive analysis to my chart. So, by their very structure, Cup and Handle formations have either a channel or falling wedge as their handle. I still see a solid falling wedge. I have added monthly,weekly, and the most relevant daily S/R.
A couple other things... there is a much clearer bullish divergence at this point than there was when I first posted my C&H analysis. And although LTC is continuing to break down as I type, the selling volume has been waning, indicating the bears are losing strength.
Hoping this is going to be a GREEN Christmas!
Wishing you all a prosperous holiday season.
A couple other things... there is a much clearer bullish divergence at this point than there was when I first posted my C&H analysis. And although LTC is continuing to break down as I type, the selling volume has been waning, indicating the bears are losing strength.
Hoping this is going to be a GREEN Christmas!
Wishing you all a prosperous holiday season.
