It is OK to laugh at this. This is an educational post. I am not trading based on this as it is very early days on this pattern, but if this unfolds then we would be looking at a very deep cut. A very deep cut indeed.
If this bear pennant unfolds then LTC's target price would be $9.
Feel free to comment.
تم فتح الصفقة
⋅
I took a commentors recommendation and sold it all. If it doesn't break out here there will be much blood.
OR a massive falling wedge
You have to trim a lot of wicks for the latter, and the former's target would be $0 haha.