We were tracking a possible cup and handle developing in Theta, which aligned well with the Elliott wave count that another wave up was due. The thesis is playing out in real time, which is always exciting to see. There is no change to the forecast of the cup and handle breakout target of 84 cents. Once the objective is hit, an updated Elliott wave analysis will be overlaid to gauge how likely the move is to continue further.
For quick reference, here is the cart from 9/14/20
