So we see LTC bounced perfectly on the .5 retrace, while forming the tip of the right shoulder in this possible Inverse H&S pattern.
At the time of writting, LTC is battling with the 50 MA. If successful, it will have the .236 retracement and then the long term down trend resistance to go up against next. If it somehow comes out on top of those two resistances, it will have the neckline to worry about. This will give us a chance to either short the neckline if we see a reversal, or long if the price breaks out.
At the time of writting, LTC is battling with the 50 MA. If successful, it will have the .236 retracement and then the long term down trend resistance to go up against next. If it somehow comes out on top of those two resistances, it will have the neckline to worry about. This will give us a chance to either short the neckline if we see a reversal, or long if the price breaks out.
Commentaire:
Broke to the bottom of the wedge