Short Term Sell/Short Signal LTC
Updated
The Short Term Trend on LTC is Neutral and after failing to continue higher passing 155 it has closed below 155 and the 50 EMA. We waited for a slight uptick, then with a failed color change took the next confirmation as a short signal at 149.10. Our target is between 135-139. The next level after that is support at 123. We will monitor this trade closely unless the 50 crosses the 200.
Trade closed: stop reached
The AM Wave indicator was right once again in a Neutral call. We trailed our position tightly and exited at 148.5 with a tiny profit.
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