LTCBTC Correction Trade
Looks like a decent trade opportunity shaping up. I’ll probably take this now at the 50% retracement Level if the last major swing hi/low. Stop could be around the 65-70% Level. I believe it’s a zig-zag although I couldn’t comfortably pull an impulse wave out of the A leg. Even though it may be a flat hopefully not a deep one? I may keep my stop at 65% retrace in that case, get back in if stopped out after it corrects up? Kinda torn, with the ADX showing a weak down trend, and the CCI hitting bottom and turning up. Possibly wait for the CCI to move up to touch the brown zone for better confirmation. I figure if it is a flat or zig-zag correction the next leg will be an impulse so I’m kinda excited. It also looks like an AB=CD harmonic pattern... Aloha everyone!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.