LUMENTUM (LITE): THE $1,091 CEILING & THE ART OF PATIENCEAt $1,084,
LITE is testing a massive inflection point. The 4H chart reveals a textbook harmonic structure colliding directly with the upper boundary of its macro ascending channel at $1,091.09.
If you are feeling the FOMO to buy here, look at the data: you are buying the absolute mathematical ceiling while momentum indicators are stretched to exhaustion limits.
š“ THE PROBABLE SCENARIO: Harmonic Point D (Correction)
The technicals favor a rejection at the $1,091 ceiling (Point C), triggering a healthy, necessary cooldown. Step 1: Initial pullback testing the $1,005.31 psychological support.
Step 2 (The Target): A complete C-D leg capitulation into the $927.87 ā $963.57 demand zone.
š¢ THE ALTERNATIVE: Breakout Expansion
Only a confirmed, high-volume daily close above $1,091.10 invalidates the correction. Until that happens, the top is in.
š” RISK MANAGEMENT & STRATEGY:Buying at $1,084+: Horrible Risk/Reward. Do not buy directly into a multi-month channel resistance.
Optimal Trade Plan: Preserve your capital and set layered limit orders in the Point D reload box between $927.00 and $963.00.
š THE GOLDEN RULE: PATIENCE.You do not need to catch the exact top of every rally. Your job is to protect your capital and strike only when the chart offers asymmetric upside. Let the market exhaust itself at $1,091, and wait for LITE to come back to your terms.