Cycle last from blue to blue.
The yellow lines represent points within the complete cycle where trend is likely to change +/- 1 day.
Using these dates along with a chart of price (support/resistance) should give indications of when to take positions.
Bearish pattern completed. Probably a throwover like Facebook then Down.
Luckily I closed my pre-report short just in time as minor cycle pointed Down. However, movement was sideways, that indicated major cycle pointing up.
Now I take New short based on pattern.
Based on certain cycles and price-pattern confluence I will take a short position in Amazon when it reaches 1900 tomorrow after delivering over analytics estimates. This will be a Nice short since bagholders will be in euphoric state of mind as the herd always is.
On larger scale, Litecoin is in a downtrend, and I would not trade it personally on the long side, but price has found support at significant price Level counted from the top at the 200 day cycle. My Outlook is that price want to retest the 45 line before last leg Down in the corrective structure at the 273 day cycle before some sideways to accumulate before...