Current thoughts for my paper trading activities :)
Ending diagonal, Wolfe Wave, Fibs... Paper trading.
3 versions (the longer I think, more versions I get lol). Yellow is my favorite. Which one is yours? Leave a comment. P.S. I paper trade.
Just my humble thoughts... Wolfe wave, ABC correction, Bear flag, Ending diagonal triangle in a bear market.
Last night it looked bearish to me, this morning kinda on a bullish side. Personally - no position atm. Just thoughts.
To finish the 3 drive we may need a double top somewhere and a serious bearish divergence with RSI. 1.272 by the book from previous top would be around 6.8-6.9. It doesn't look like a perfect 3 drive since the second top went over the trend line, unlike LTC at the moment. NOT A FINANCIAL ADVICE. I paper trade ;)
According to the info I researched on 3 drive, it should have a double top at the end, where there would be clear bearish divergency with RSI. From there we can go down to 0.618, or we could go down now. Risky... BEARISH 3 drive.
Notes to myself 5. (PS the last 2 charts are not intended to be liked, they are for other purposes, I need them public for some reasons I don't have to explain.)
Looks like it's not time for bears yet. Let's see how this plays out.