LTC retrace watch (scalping tf) Chikun to go below 60 again?

Just quick plot to see how the EW and Fibs play out.
Thus far the ABC retrace seems to be in play.

Commentaire:

Argh, I had skipped this -0.618 extension originally

because I thought it would push down a little harder to the top of previous high with would also be the 0.786. It still might I guess, but that bounce off the 0.618 was pretty decent

Commentaire:

Looks like the first scenario may have been the correct one

not the exact bounce I had calculated, but clear support in the first green zone.

I am recalculating based on the movement since, and will post an update once I have something concrete.

Commentaire:

Sorry, forgot to update this trade, thought I had but only did so in Chat www.tradingview.com/...c-9675-d37a65ce955e/ I closed my position just shy of $63.50, when it hit a cluster of fibs including the all important 4.236 extension of wave 5 push.

Now I am looking for a retrace, will post a new idea for next long entry options.