LTC
has broken all supports and made a new low for the year but are we done, if this is a double zig zag playing out and we are looking for the end of wave C, we can project the length of the A wave from the end of the B wave, the 100% projection puts us at $85.01, and if we break down wave C into a 5 wave structure, we can measure from the start of wave C to the end of sub-wave 3 and project that from the end of sub-wave 4, wave 5s typically go between 61.8 to 100% extension, we have blown thru the 61.8% and the 100% puts us right at $84.42. so we have two major extensions putting us in the $85 area, will we get there? let me know your thoughts in the comments
LTC
has broken all supports and made a new low for the year but are we done, if this is a double zig zag playing out and we are looking for the end of wave C, we can project the length of the A wave from the end of the B wave, the 100% projection puts us at $85.01, and if we break down wave C into a 5 wave structure, we can measure from the start of wave C to the end of sub-wave 3 and project that from the end of sub-wave 4, wave 5s typically go between 61.8 to 100% extension, we have blown thru the 61.8% and the 100% puts us right at $84.42. so we have two major extensions putting us in the $85 area, will we get there? let me know your thoughts in the comments