Possible Invert Head and Shoulders in formation for LTC
Updated
Hello everyone as i mentioned in my previous post LTC bounced on the 200 MA. Up till now we had a high volume but the ascending is slowing down. LTC will probably find resistance on the previous point around the 92-94 area and will make a short descent to retest the 50 MA again where it will find support and form the right shoulder of the invert head and shoulder mentioned in the title. If the Invert head and shoulders will be formed it will take us up to the top of the channel at around 120 .
If you like this idea please leave a thumb up .
All the best and have a good trade.
If you like this idea please leave a thumb up .
All the best and have a good trade.
Trade closed: target reached
target reached ,ltc touched the 50 MA and the right shoulder is forming right now.
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