LEVEL 3 (LVLT)

[mr_bitterness]

Do you mean beginning with LVLT going below 2.75 around mid Feb? I guess you could call it that but it is a little too small and short term for me, I like to give it more than a couple months to form. That said, H&S is not really "my" pattern but I don't see much of one here.

Unless you are referring to something else that I am missing?

imo if it moves past 2.75 in the next week or two, and keeps it, there is a better chance of a somwhat sustainable uptrend. Weekly SS and MACD are poised to turn around and weekly MFI is very oversold - but I don't see the H&S in the weekly either.

Dailywise - there is a bit of an uptrend tat needs to break through 2.25. $2.36 and up would be a treat and a good sign that 2.75+ may be on the way.