MtGoxFX

H1 Elliot Wave & IHS

Long
BINANCE:LTCUSD   Litecoin
On the H1 we can see the last arch / scallop details and add the EW points for this push & consolidation.

We are bouncing from the upper TL of the triangle for support, which coincides now with the 21D EMA (red). On the right, we have an IHS in the bottom pattern with tgt of around 99-100.

A new set of dashed ORG TL's have been added to track the descending part of this pattern.

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