#LIT and Technical Analysis Perspective.

1️⃣ is price returning to the Base area with 3 waves 1 2 3, all 3 push waves did not create a new high, just wick retracement.
=> weak push force
2️⃣ area I marked with an ellipse with CP wave, this wave is a compression wave, usually has 2 types:
- CPD (CP Down) and CPLQ (CP Liquidity)
CPD is a type of compression wave that, when it reaches a certain resistance area, it will drop back to the starting point of the wave; here I view it going to Base 2 area
CPLQ is a type of wave that hits a resistance area but if the resistance is weak, it often makes a fake push up before dropping.
Here I favor CPD.
Possibility of touching Base 2 with a slight reaction then dropping further to Base 1.