LTC - Can I get a C Wave?

LTCUSD had a 5 wave downtrend wave and has completed A & B Corrective Waves.

Well we did not hold my stop-loss from my last post (Linked) so LTCUSD still wanted to correct.

I am looking for an ending C wave target I calculated from Wave A & B at the Fibonacci Level of 1, 1.236, and 1.382, and 1.618 (as shown).

The C wave will be the beginning of a new 5 Wave sequence and C will then become Wave 1.

That is scenario #1

We could continue to slide towards the "Dead Zone" which is from the Top of Wave 1 of the 5 Wave sequence when we reached all-time highs.

I have put a stop on the chart just in case this happens.

Cheers,

-AB

Commentaire:

Thump, Thump, Thump....

Here comes the "Dead Zone".

Trade fermée: ordre d’arrêt atteint

Commentaire:

BUY BUY BUY

Trade fermée: cible de profit atteinte