LITE breakout retrace bounce in effect; next target $970 gap fill, potential for all-time highs contingent on 10-year yield stabilizing.

Next up guys into Light. Now, Light, we highlighted this before, this declining trend line where price jockeyed around. We can see a failed breakout attempt here, price retreated back, and then we broke out here on this candle, confirmed with the continued push up here on this August 17th.

Then, what did we do this last week? We retraced back down to the declining trend line, the place of which price price broke out from. The breakout retrace bounce play in effect here on LITE.

Next destination, gap fill likely hit tomorrow at $970, followed by the 50% area of this parallel channel. But still, near-term breakout at hand with LITE that tells me we could be eyeing all-time highs pretty soon on the charts.

Again, need the rest of the markets to help it push with this, likely need the 10-year yield to simmer out. But still, a great move there on the chart of Light.