Long

LTC is meeting criteria for a Bullish Stochastic Divergence

By ERG34534542345

Updated

Great News. LTC is meeting ALL criteria for a Bullish Stochastic Divergence signalling less downside momentum.

Divergences form when a new high or low in price is not confirmed by the Stochastic Oscillator (Check).
A bullish divergence forms when price records a lower low, but the Stochastic Oscillator forms a higher low (Check).
A bullish divergence can be confirmed with a resistance break on the price chart or a Stochastic Oscillator break above 50 (Check)
Stochastic Oscillator cross above 50 signals that prices are trading in the upper half of their high-low range for the given look-back period (Check).
A strong close above $210 is all we need for 100% pattern completion (TBD).

The Trade

Entry - $210-215
Stop - 185ish
Target - Hold

Trade active

Note

Failing to hold above $210. Not looking good. Pattern is completely broken below 185.

Trade closed: stop reached

Stop Reached

Bearish Scenario

Note

LTC Slow/Complex Recovery Trading Plan (Bear Market Scenario)

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