This is my second TA so I would love some feedback. I pulled some of these ideas from others but want to track. To me, it looks like the bears failed with the previous H&S, signal of bullish market. Break out from the falling wedge and succeeding peaks also signal bull market. Looking at the previous run, I'm projecting we hit 370 this week, new ATH around 550 in a few weeks. LTC seems to have a lot of support at 230 (.5 FIB). Placing stop loss around 180 from previous low.
Tips on estimating risk reward?
評論
⋅
Bears broke upward trend, Finding support at 0.5 Fib at 230, Strong recovery after flash crash.
The wick of the shoulder is higher than the head. This means there is no head and shoulder pattern. The rest of the analysis is good though. Unfortunately the channel was broken.
jmgardner
⋅
@Woolhead, Thanks for the feedback! I'll make sure to keep an eye out for that.
Milfraptor
⋅
Please stop creating 10 TA of the same thing..it is annoying..thanks