LTC needs a retrace

457 4
Waiting to go long again from the 50% retracement of the move up (target price $197). 50% stoploss at $175 and 50% stoploss at $167. First TP is $268. Idea is invalidated if we have a break of $238 with a new volume spike and an hourly close above $238

Note the reduced volume on this B corrective wave as compared to previous moves up. I think this is a bull trap and we will still see sub 200 for the third corrective wave
What is a sub 200?
What is a sub 200?
Hi. Do you think it will do 268 then retract? Or it’ll retract from where it is then do $268. Further more, do you think the retraction will happen after $238 - in that case mirroring its movement yesterday.
+1 回覆
douglasaa yolo123
@yolo123, If we break 238 here and sustain it with a fresh volume spike, I will change my elliot wave analysis and look for another buy in
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