Sorry, but counting lower highs, did never do anything for me, so I see no obvious reason why I should engage in it. Though I see 87.5 as the low and the start of a new uptrend of which IMCO we have seen wave1 up and wave 2 down. Now LTR is into wave 3 up and we have seen wave (i) up , wave (ii) down, wave (iii) up of wave i up. So now LTR is into wave (iv) down to close this morning’s gap, before wave (v) up should get it to the high of wave i up. BTW today’s CS isn’t a hammer or inverted hammer, it looks to me like a possible Evening Star including gap up, shadow minimum twice as long as the body and all. Well now you made me do it, toooooo much analysis, tooooo much wording and way toooooo much EWT understanding required. So special apologies to Mr. Inkblots, as I’m just interpreting what I see in the daily inkblots chart. So in the end what’s the difference between a CS chart and inkblot? The important thing is the correct interpretation of it all, isn’t it?
LTR Price at posting:
$1.25 Sentiment: Buy Disclosure: Held
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