LTCUSD Long @ $179.32. Target $217 by March 17

I see Ascending triangle, and possible start of new Motive Elliott Wave.

Resistance at $195 zone.

Seems to trace OK with the Fibonacci.

I could be totally wrong!! What do you think?

Kommentera:

Looks like I am wrong.

It is now at $175, which is outside of the support line of the triangle.

I am thinking to stop loss at $172

Kommentera:

Looks like the price did not fall below $172. I might have been a bit scared when it fell down to $175.

I think I will know with more certainty if this trade will work out by sometime late afternoon tomorrow.

Trade stängt manuellt:

I think this trade is dead.

The price did not spike up to $192 and test the resistance level, now it is down to $175-176 in sideways price action.

New Idea was posted today.

Still unsure if price will move up or down.

Kommentera:

very wrong