Lumentum Holdings (Derivatives) (LITE)

no longer just watching most of these 👀

$LITE
LITE has fallen sharply from the high of Wave (iii), and the decline can still be interpreted as part of a developing correction Wave iv. Leading scenario: The preferred view is that the current downtrend could be the A wave of Wave iv. Should this low area hold for now, a corrective B‑wave rally toward the red Fibonacci resistance zone between 792 $ and 1.023 $ remains possible before the overarching Wave‑iv structure is completed. Risk scenario: Should the price fail to stabilize, the A wave could further extend before a notable rebound emerges. This would shift focus to the orange support area, initially around 515 $ and then to deeper levels near 324 $ and 223 $. Such a deep move would keep the correction alive, but would weaken confidence in a clearer interpretation of the corrective Wave iv. Key support levels: 515 $ / 324 $ / 223 $ Key resistance levels: 792 $ / 841 $ / 893 $ / 972 $ / 1.023 $
Conclusion: LITE remains in a correction phase after the high of Wave (iii). A B‑wave rally could develop from this area, but the rally must still extend to the resistance.

People used to be so hungry for $LITE, and this will be the last big dip you will get in a while, bye! Up 12% today , but still have time