This graph illustrates how LTC has retraced through this structure and uses the ratio of major dip to major dip to illustrate how the next few months for LTC could look. Notice the Major resistances points for max height of next wave. This graph also aliegns well with the baseline support to create an edge of the bear market convergence point with the yellow sweeping lines. The red wedge is the only thing I guessed on, I would postulate that it would be more acute than previous consolidation dip recovery.
Let me know what you guys think. Looking forward to seeing if this graph follows through, I will be trading based on it if it does match.
Let me know what you guys think. Looking forward to seeing if this graph follows through, I will be trading based on it if it does match.
Order cancelled:
This graph was only half complete and missing key elements from previous structure. I've updated and posted as new graph