LHS appears to be trading in a Macro descending channel.
Since LHS has broken down from a Descending Triangle in May/June 2019, the Dark Blue Line is the floor of the Descending Triangle FYI, we've seen bullish support near the bottom of the red downward sloping channel multiple times, I wouldn't be surprised to see a retest of the bottom channel again before breaking out of the pattern bullishly to the upside.
This chart is done on a five year log scale.
This chart is done on a five year log scale.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.