Long

LTC-End of Correction-Rocket Launch

Updated

LTC ended it's correction with a simple ZigZag Correction. We are now into the 3rd Major Wave, which is expecting a price target of 245.25. If this wave exceeds 245.25 we are in for an extension which could be 200%+ retrace levels of the inner wave 1.

Timeline: 1-3 days

Stay tuned for updates.

-AB

Note

Update: 1st Target is 228.29 and 2nd target is 245.25. I will update if anything changes.

Note

Note

Targets still in force. We have to watch out for irregular corrections.

Note

We have a horizontal triangle formation in a 4th wave position which suggest we are going to get an extended 5th wave. The Orange 5th wave is incorrect the 5th Wave has NOT occurred but is about to begin. This reaffirms my targets. I have updated the chart to show the horizontal triangle. I will update it further when I get back to my desktop.

Get ready for a large move. Targets still in place.

Note

Bulls are Fighting Whales

But...

Selling is Weaking

Note

Updated Chart:

1. We are in the 4th Wave
2. Irregular Correction: Double Flat
3. The Double Flat made a large Horizontal Triangle
4. Irregular Correction in the 4th Wave tends to lead to a strong move.

Conclusions:

Selling is weaning, their is a struggle between bulls and whales. I am still expecting an extended 5th wave. Keep your stop-loss small, approx. at 199. This is going to be a big move either way.

Expecting move within 24-36 hours.

Stay thirsty my friends.

Note

Looking at the 1 minute chart, we see:

1. Rising Wedge
2. Mini Wave 1 & Wave 2
3. MACD sharp divergence.

Conclusion:

Targets are still in force. This is a rubber band about to snap.

Stay thirsty my friends,

-AB

Trade closed: target reached

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