Called a Failed 5th Wave on 
LTCUSD about six hours ago via twitter, just trying to plot out where it might tumble down to for some buying opportunities. My guess is the C correction wave will end around $187 range. Green box shows where I'd plan to ladder in a long for a wave up.
Should be fun!
Note: I am very new and learning. Do not take this as advice or anything other than practice. Please feel free to let me know what you think. Any constructive criticism is welcome!
- Foul Mouth Muggle
LTCUSD about six hours ago via twitter, just trying to plot out where it might tumble down to for some buying opportunities. My guess is the C correction wave will end around $187 range. Green box shows where I'd plan to ladder in a long for a wave up.Should be fun!
Note: I am very new and learning. Do not take this as advice or anything other than practice. Please feel free to let me know what you think. Any constructive criticism is welcome!
- Foul Mouth Muggle
Note
Bearish Rectangle pattern formed?Note
Note
Overnight and my theory is holding up, let's see if we will hang out in the golden pocket and right the ship or whether this Failed 5th Wave is a signal for the broader market that we are in for a sustained correction...
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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.