TheGlitch

TheGlitch

Self Explanatory. I missed the break out because I stopped watching the markets for a few days but i'd add to my position if the trade plan act accordingly. This is of course a speculative trade due to the upcoming political events. For now the trend is my friend. Either-way, it will always be ;)

TheGlitch

Stop-Loss 1: If the price falls below the support of this symmetrical triangle. Stop-Loss 2: I find it that this pattern is a bit ahead of its self because the French election results is due within the next 24hrs. The price could be doing a sideways break out and bounce on the dashed lines until the election results are in. Personally, if the price violates...

TheGlitch

I have been bullish on LTC for a few days now. Daily chart looks excellent and now the 1 hour chart formed a Bull-Pennant. The stop-Loss is if the price violates the support of the pennant. Exit at the resistance pivot 1 created. Entry: Either when it tests the resistance OR on the 50% fib retracement - drawn from the beginning of wave 5. GL

TheGlitch

The price action formed a down channelling pattern and broke out on the 5th wave. I am assuming it will break the resistance pivot 3 created, for a continuation higher.