LPTX Inv. H&S within Wedge

NASDAQ:LPTX   Leap Therapeutics, Inc
I am looking at a break of the $2.60 level to confirm breakout.
-Price tightening within wedge for 3+ months (depending on how you draw the wedge ) and completing what appears to be the right shoulder of an IH&S. (The midline, as I have drawn it, fits very neatly).
-Price has recently experienced bullish diverging of EMAs with recent strong support found at the 50 EMA (purple) which also happened to be the midline of the H&S pattern.
-Price is coming off of .786 retacement from move off Nov '19 lows which tells me the stock may be in a potentially bullish impulse move
-Currently testing VWAP from the high on 2/19/20
-MACD upward trajectory appears very aggressive.

I like this one over $2.60. Assuming LPTX is indeed in the midst of a wave 3, and the .786 retrace was the wave 2 pullback, I have measured the minimum target as a 1.0 extension to the Wave 2 low which = $3.8.
Comment: My apologies, I realize I did not include the Anchored VWAP from 2/19/20 high or the fib retrace.

Incase you want to view them on your own:

-Anchored VWAP can be found in the second option down on your drawing tools, then click on the candle you wish to view VWAP from

-I measured fib retracement from Nov '19 low to Feb '20 high, the .236/.786 should line up with the March '20 low.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.