LPTH is still uncertain.LPTH is still uncertain. My analysis shows that the LPTH descends in a downward-tapering triangle. The two sides of this triangle are formed by ATR axes. Since both ATR axes are decreasing, this suggests that the ATR of the wave sequence moving within the axis,( which directly implies its volatility) is also decreasing. And the decreasing volatility means that a stronger momentum movement may soon be underway. Its direction is rather uncertain. A move up could be in favour, starting from the lower red dashed line. This could lead to a rise from a double bottom. If this set of rules holds, then the target price is twice the last local rising structure according to the double bottom set of rules. In the current case, 3 usd. As I mentioned now caution is advised and it is advisable to wait for the yellow wave phase to be completed. Then wait for the back test on the upper ATR axis. If this also happens, there is a better chance of entering a profitable LONG position with a primary target price of 3 usd.
