Wait for Wave 2 to develop and GO SHORT around the .65 Retrace Area marked on the chart.
See chart for projections.
If there is a reaction off of the 100 Fib Extension or the 1.276 Fib Extension...SHORT WITH CONFIDENCE and set stops above the 1.276 FE. Short it for 3 pushes down form the final wave and get ready for a reversal in the future.
Check chart for trade.
Look for Reversal Confirmation...Break out of this descending Wedge...And Long with Confidence. You will get paid. Happy trading.
We are forming the 3rd Wave of a Large Protracted ABC correction. GO LONG and RIDE IT!
This is a short term trade. Look to go long on the 1.276 Fib extension.
Wait Sunday night for a retrace and look for a Short term Short to compete this C wave.
Watch for this potential setup.
EU is trading within this channel with fractal patterns as noted by the arrows and fake breakouts to the upside and downside and then reentering the range. Expect EU to be short to the trend line and then long again.
Should break up soon.
Expect a possible short tonight into London Session and a possible reversal and Long opportunity at NFP news.
Expect a Downturn at the trendline to complete this ABC correction. Target is the 1.276 Fib Extension marked on the chart.
Litecoin is not so confusing from an Elliott Wave Perspective in the Daily Chart. We are headed back down to finish off this ABC correction. Landing points between 135 and 159 in my best estimation.
According to my wave count, we have just begun the final leg of the ABC correction. We should be breaking down to hit 160 again and maybe lower to 135.