LTC Update - Trend Analysis using angle calculations and @RISK

This is my follow up analysis on my ltc update. It is safe to assume the correction ended with ABCDE contracting triangle breakout. Elliott wave theory suggests a break out should be followed up by 5 impulse waves consist of 3 positive and 2 negative waves. I think the wave should end at previous high creating a "double top pattern" followed minor ABC correction to complete a "cup and handle". If the theory is correct, we have the price moving to $400, retracing back to $284 and going up to "god knows where". Many institutional traders trade using this theory so that they are able to get max profit and avoid max loss.

If you have any questions and or concerns about the analysis please leave a comment and I will get back to you as soon as I can. I trade using a specific model and I don't risk more than I can afford to lose. This is just a prediction, and I am taking the risk based on a theory, there will be errors which might incur financial losses. If you are willing to trade, it's up to you to manage your own risk your own way.