Trade on the breakthrough. A trader tries to open positions at the very beginning of a trend, based on a breakthrough of a certain level of support or resistance. The graph shows how to protect yourself from false breakthroughs. It is better to take a little more expensive but just be sure than to take it many times and close the stop loss.
Trading on false...
LTC in a perfect example of "Golden Ratio of Growth".
Each extension is 1.618 times the previous extension.
Most things in Nature which Grow, do so by this Ratio.
Impulse was from the Bottom of Despair.
Ripples were all grown with perfect Ratio.
Retraces will be of much similar proportions.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble...