Elliots wave down, played out (12345). now waiting for ABC correction back to the upside temporarily. For easy swing trade would take profit at 98.19 for T1 and for T2 @ .382 $115.175. I am long and bullish, holding positions. =) Cheers
ok so heres one for ya..when price downtrends then retraces back up to the swing low
u can enter long and catch a quick profit at the next swing high even if price will continue down
btw im 100x leveraged longing a cfd on ltc
This pitchfork formation has been clean, and a break of the median line earlier in the week didn't manage to give enough momentum to break the $90 mark, and we have subsequently come in for a retest of previous resistance.