LTCUSD Bullish impulse and Bullish Crab pattern
Updated
Hey guys i noticed this pattern on LTCUSD and thought to count it too.
The bearish correction seems to be over therefore i would recommend buying it.
First target shall be the minute wave 3 (purple) with projection of 1.618 at price 155.40
Will update to see how it goes, goodluck!
The bearish correction seems to be over therefore i would recommend buying it.
First target shall be the minute wave 3 (purple) with projection of 1.618 at price 155.40
Will update to see how it goes, goodluck!
Trade closed manually
Wave 4 entered price territority of Wave 1 in the lower degree therefore it is not an impulse wave.
My count was wrong and the trade is closed on this spot.
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Note
Comment: The rally up was indeed an impulse which reached 161.8 Fibo as wave 3 should reach and then 200 fibo for wave 5. But i see that as C correction wave which was finished and the downtrend continues now.Goodluck guys!
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