LITE 60 min - Lumentum Holdings Inc. - Chart
Link60 min you had your trusty ABC 3-wave pullback, note you
had MACD positive divergence at the lows, there, and wave B lower
high stalled exactly at the Master Fib
In technical analysis probably one of
your lowest risk trades is for a stock or ETF to rally strongly up,
then the first pullback, where the MA Ribbon flipped from a bearish
to bullish configuration on the runup and now has the first
pinch/squeeze, that first pinch/squeeze is one of the lowest
trades.
many factors all lined up of course. you
had a 3-wave ABC pullback, practical Elliot Wave,
multiple technical factors lined up
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LITE follow up and educational posts, 'practical EW'
Posted by matt on 26th of Aug 2026 at 12:04 pm
LITE - Lumentum Holdings Inc. - Chart Linknice continued bounce, was given to me by auni here.
LITE 60 min - Lumentum Holdings Inc. - Chart Link60 min you had your trusty ABC 3-wave pullback, note you had MACD positive divergence at the lows, there, and wave B lower high stalled exactly at the Master Fib
In technical analysis probably one of your lowest risk trades is for a stock or ETF to rally strongly up, then the first pullback, where the MA Ribbon flipped from a bearish to bullish configuration on the runup and now has the first pinch/squeeze, that first pinch/squeeze is one of the lowest trades.
many factors all lined up of course. you had a 3-wave ABC pullback, practical Elliot Wave,
multiple technical factors lined up