LTC/USD Bull/Bear Scenario
LTC/USD Bullish and Bearish Scenarios
Bullish Scenario (Green): ABC Correction is done completing W2 on the larger scale Elliott wave. W3 is confirmed after we pass the $214 level (sub wave 1 resistance)
Bearish Scenario (Pink): ABC Correction isn't done completing. C wave still needs the 5th sub wave (extending to the 161% level) creating a double bottom ABC correction. Then we will attempt another impulse wave up.
**Sub wave 4 needs to stay under the sub wave 1 level (yellow line @ $214) in order to be a valid wave count**
If the price closes over the $214 level, the bearish scenario is ruled out and we will see the green scenario
If i missed anything or did something wrong please feel free to comment.
Let me know what you think!
Bullish Scenario (Green): ABC Correction is done completing W2 on the larger scale Elliott wave. W3 is confirmed after we pass the $214 level (sub wave 1 resistance)
Bearish Scenario (Pink): ABC Correction isn't done completing. C wave still needs the 5th sub wave (extending to the 161% level) creating a double bottom ABC correction. Then we will attempt another impulse wave up.
**Sub wave 4 needs to stay under the sub wave 1 level (yellow line @ $214) in order to be a valid wave count**
If the price closes over the $214 level, the bearish scenario is ruled out and we will see the green scenario
If i missed anything or did something wrong please feel free to comment.
Let me know what you think!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.