LTC Swing

Updated

Looking for bounces/ rebounds/ turnarounds at the shapes, especially at the big red one for a potential buy opportunity if the price action dictates it. All horizontal rectangles are potential support/resistance zones.

Main scenario are the grey curves, some potential milestones with the icons, and the time stamps for potential pivot points.

Note

There was a nice bounce and a decent bull jog from the green marked price level. Was expecting a potential pivot point or turnaround near the green time stamp but it seems some shorting has occurred sooner. Let's see the price action near these rectangles. It could get interesting.

Note

Rebound from the Red.

Note

Pivot point near the time stamp and entered the first yellow rectangle. The big test for this project would be too see the second yellow rectangle penetrated or at least touched. Usually a relevant amount of "coincidences" in the price action near the shapes is required to consider the whole picture of the project solid.

Note

The red rectangle still hold for now.

Note

Interesting rebounds at the shapes. Swing in action.

Note

This project has had some good surprises with plenty of bounces and pivot points at the shapes. The proposed downward path near the yellow rectangles has been overall accurate.

Note

After the end of the red rectangle the price went for lower lows. It has reached the milestone inserted in the comment from 5 days ago: the second ellipse.

Note

Bounce from the marked price level. Will be interesting to see more potential bounces at the remaining green rectangles if it gets there.

Note

No snapshot for this update just a quick projection into the potential future in case this happens: massive price action near a rectangle (preferably the horizontal one). This could be huge. /$$

Note

The vertical drop inside the vertical rectangle is probably just coincidental. The resemblance between the price path and the curve is also probably irrelevant. But if the pattern repeats itself, we might catch this one on another run for higher highs in the zone of the yellow curve.

Note

Interesting price action with rebound inside the green rectangle and another bounce from the curve. Doesn't look like the end of the bearish run though, somewhere around the next blue time stamp, preferably lower, could be a good position to hunt for potential turnarounds.

Note

After the roundabout around the blue circle icon, the price bounced from the vertical rectangle. Is this the start of a beautiful journey envisioned by the upwards pointing rectangles/steps? Will this bounce from the orange? Or will it leave it behind pushing higher?

Note

Rebound from the red rectangle.

nen

Disclaimer

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.