LTO Buying Opportunity
Updated
Posting this so people have an idea of what to look for since this could be a great time to buy LTO.
We're currently making a perfect 50% retracement along with touching our yellow upward trend line (anchored vwap). Watch for a green close above these levels for confirmation they'll act as support (I'll be adding more to my position if this happens). Expect to bounce between that support and the green box (volume level) until we see a close above our down trend (anchored vwap). This will likely mean we're making attempts towards the ATH. What's important is we want a slow staircase beyond that level, not a strong upward movement past it which will likely be a false break.
What we don't want to see is a break to the red circle which will likely mean a fall to .53 cents. From here it's iffy whether or not we'll resume an uptrend, but I'm optimistic :)
We're currently making a perfect 50% retracement along with touching our yellow upward trend line (anchored vwap). Watch for a green close above these levels for confirmation they'll act as support (I'll be adding more to my position if this happens). Expect to bounce between that support and the green box (volume level) until we see a close above our down trend (anchored vwap). This will likely mean we're making attempts towards the ATH. What's important is we want a slow staircase beyond that level, not a strong upward movement past it which will likely be a false break.
What we don't want to see is a break to the red circle which will likely mean a fall to .53 cents. From here it's iffy whether or not we'll resume an uptrend, but I'm optimistic :)
Comment
I had actually meant to move the red circle lower since the .382 retracement is also fine. Just imagine it between .57 and .47 mark.Comment
Updated idea here - 
Comment
triple bounce on support on the hourly, could be the start of an uptrendComment
Double bottom forming meaning a likely change from a downward trend to either sideways or up.
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