ETC Hits bearish head and shoulders target - possible quick 8.7%

As you can see, the target for my head and shoulders from my last idea has been hit. ETC now finds itself in an equilibrium pattern with bullish divergence on teh RSI and MACD and target of the last broken resistance level above for a quick 8% trade. Always possibility of further move down and pennant bearish target below so watch for the breakout / breakdown before placing trades.

Order cancelled:

ETC (along with BTC and the majority of the market) decided to break down. Look for consolidation and possible bounce from pennant target (which also happens to be a previous support).