A new lower has been made, but potential diamond still in play. TPs should be slightly adjusted if pattern forms. Will update price targets if pattern completes.
Note
A nested diamond fractal has formed inside the larger potential diamond. An attempted breakout above 118.11 has pulled back. Upper TP would be 124.22 for the inner diamond and Lower TP 105.89
Note
A nested diamond fractal has formed inside the larger potential diamond. An attempted breakout above 118.11 has pulled back. Upper TP would be 124.22 for the inner diamond and Lower TP 105.89
Trade active
Long position entered on pullback to inner diamond trendline @115.31. Expecting at minimum a test of the inner diamond tip at 118.11.
Note
Moving toward tip. Lets see if we can get a confirmation and move to the 124 TP for the inner diamond. Following trade here with a tight S/L because market conditions are ripe for a dump at any moment.
Note
TIP tested and broke. Should move to 124 now.
Trade closed: stop reached
Stopped out at 118. Breakout failed.
Note
Potentially, just a (sucessful) stop hunt but market is too risky to hold.
Trade active
Long entered at 117.25, again will protect with a tight stop, and will up the stop as price moves up at the risk of being stop hunted.
Trade closed: stop reached
Stopped out at 118.75. This is fun. Not. Oh well, will rebuy another dip. with another stop. Small profits are better than none.
Note
It TP1 hits of this inner diamond it will complete the larger diamond. Price still pulling back here though.
Trade active
Long entered at 115.5. Yet another diamond has formed. Looks like bulls are trying to put in a bottom here. Still downside potential risk so tight stops are mandatory.
Trade closed: stop reached
Trailing stop hit at 116.8.
Trade active
Re-entered at 116.05. S/L at 116 and will again trail to protect against loss.
Trade closed: stop reached
Note
Falling out of inner diamond. Updated Price Targets.
Note
LTC Big picture TPs
Note
LTC falling out of inner Diamond expect to test support at 112 and will take long position if it holds. It would indicate we are range bound for 112 to 119.73 until it decides where to go. If it breaks, price should move toward 104.27 were price action will determine next swing.
Note
LTC 112 did not hold. Odds are any bounce from here would be just shorts covering. I am going to resist temptation to go long until we get down into the 100s.
Trade active
High risk. Playing a dead cat from 111.25 expecting .5 local fib retrace for a small scalp.
Trade closed manually
Stopped dead in tracks. Took profit at 112.99
Trade active
Round 2 111.05 long. This is not a good idea BTW. Tight stops mandatory.
Trade closed: stop reached
Trade active
Looking for a 119 TP for an exit here. Trailing stop in place
Trade closed manually
TP reached. Expecting move to up to 119.73 before retrace, but took profit while on table.
Note
Red line breached.
Trade active
RE-entered at 119.73
Trade closed: target reached
TP hit. Watching price action.
Trade active
123, re-entered long.
Note
Stopped out. Rebought at 121
Trade closed: stop reached
Sopped at 125.5
Trade active
Limit buy at 124 hit.
Trade closed: stop reached
Stop hit
Trade active
Long at 121
Trade closed manually
Took profit at 123.73. Setting limit buy at 122
Trade active
Limit hit. Trade active.
Trade closed: stop reached
Big buy wall put up. Exited at 122.5.
Note
10% swing achieved. Looks like consolidation will lead to a larger diamond is forming. Will publish new idea with further price action.
Note
As expected, the larger diamond has formed. You can follow my new idea for a 15-25% swing coming out of the larger diamond.
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