WillOstuniLima

WillOstuniLima

Litecoin is on its way to continue the 3rd Wave extension (impulsive). Please note projected target.

WillOstuniLima

Triangle breakout - Retest and short position

WillOstuniLima

Based on monthly trends, it seems like the pattern repeats again. Currently a third wave is in progress.

WillOstuniLima

I went LONG last night @ 0.9628 waiting to reach Target 1 to move up STOP currently at 0.9605 Major Pattern: Ending diagonal triangle WAVE 5 (currently minor wave 4 before reaching wave 5 @ ~0.9820 - 0..9840

WillOstuniLima

Since my previous note on, the pair did exactly what I was expecting, a short pull back to reach an intermediate wave 4 as part of the ending diagonal triangle forming the main Wave 5 (Around 0.9860). I went LONG at 0.9628 as the pair was touching the edge of the triangle. I defined 3 targets on the chart. After that, if successful, I will be looking to enter a...

WillOstuniLima

My last entry on this pair was back in June 30th, 2014. After RSI divergence and a broken trend line, we waited for a pull back and got in @ 0.8890. Three successful targets were hit during trade. Now I can see the formation of a ending diagonal triangle (wave 5). My next possible entry could be at the end of minor wave 4 (if trend line supports) and then again...

WillOstuniLima

Still short from last week waiting for final break and end of Wave 5. (Ending Diagonal Triangle)

WillOstuniLima

I like when a channel is clear...Now former channel resistance is support. Short with STOP @ 1.2495 TARGET1: 1.2442 TARGET2: 1.2401

WillOstuniLima

Long for now until D point is reached and then pull back before next impulsive wave.

WillOstuniLima

After a few days we may have finally reached point D on the corrective triangle pattern. I'm waiting for a pull back into a possible point E to initiate a LONG looking for a breakthrough.

WillOstuniLima

After price action since October 2013 has shown a series of lower lows and higher RSI readings USD/CHF broke up and reached 0.9035....Now I'm waiting for a pull back back into ~0.8845 to initiate LONG position. Target 1 is 0.9143 Stop 0.8695. Risk Reward Ration 3:1 50%-60.8% retracement is where I'd start loading up.0.8866 - 0.8827. STOP: 0.8690. I have...

WillOstuniLima

Bigger picture we have completed a Elliot Wave pattern and we are now in correction mode in a ascending triangle. We have not reached 50% retracement from July 2007 Highs to Sept. 2009 Lows. Short term I'm waiting to reach point D and eventually break up after point E is reached taking us to new highs. Thanks! Will

WillOstuniLima

6/4/2014 Update. First target reached . Moved STOP up now to 138.50. --------------------------------------- Went LONG on 6-2-14 @ 139.22. Please take a look at the 3 targets based on Fibonacci levels from 2013 High to Feb 2014 Low. STOP LOSS @ 137.94 Corrective Triangle pattern after Elliot Wave 5 needs to resolve to confirm trend continuation. Good luck...

WillOstuniLima

After a discrepancy between lower price action and higher RSI readings I'm waiting for a pull back back into ~0.8845 to initiate long position. Target 1 is 0.9143 Stop 0.8695. Risk Reward Ration 3:1

WillOstuniLima

Went LONG yesterday @ 139.22. Please take a look at the 3 targets based on Fibonacci levels from 2013 High to Feb 2014 Low. STOP LOSS @ 137.94 Corrective Triangle pattern after Elliot Wave 5 needs to resolve to confirm trend continuation. Good luck trading! Will

WillOstuniLima

Corrective triangle pattern after Elliot Wave 5. Waiting for resolution and continuation.