This is my long term chart which am more inline with. Am bearish
with LTCU19. It can't be a 5-3-3 ABC Zigzag
if we're following Elliott Wave
theory. The count from B-C is only a 3 for now. That's why am bearish
. Tho as I always say you can't be 100% bear or bull only. You have to draw 2 bull bear scenarios so you have a plan if it counters your bias. While a bullish divergence
is present this can also be the bottom already. But so far this is the most valid count I see. My experience, divergences on an uptrend is not that strong/applicable. And often it takes full effect at the 3rd time it does a divergence. So here on a CLEAR DOWNTREND we only have 2 divergences so far. We may see a 3rd for it to rally upwards. So same application for divergences on uptrend. Bull scenario here we break the green box resistance.