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Good entry or no? Long or short? Thank you
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@Marine_Trader61, I played this as a breakout play. It still has more to go. Would I buy it now? Nah I'd go for something like LKCO 1M chart gain an entry $0.47-$0.50
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Marine_Trader61 TheCryptoChartWhisperer
@TheCryptoChartWhisperer, awesome I’ll check it out. I’m a newby so I appreciate the tip.
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How do you know wave 4 won't break the channel? just curious. For such a large wave 3 we would expect a larger wave 4 correction?
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@yupyupyup, It is true with the rule of alternation we would see this. However, this chart seems to conform only to the channel. I doubt it ever breaks out. In fact the bottom abcde with e ending $2 e is printed to the upside, but I think it's a fake out with a measured move upwards to the top of the channel. That is all I can forecast at this point.
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yupyupyup TheCryptoChartWhisperer
@TheCryptoChartWhisperer, ;Thanks as always!
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@yupyupyup, Cheers!
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