Litecoin Tumbling, calling a Three Wave Correction!

Called a Failed 5th Wave on $LTCUSD about six hours ago via twitter, just trying to plot out where it might tumble down to for some buying opportunities. My guess is the C correction wave will end around $187 range. Green box shows where I'd plan to ladder in a long for a wave up.

Should be fun!

Note: I am very new and learning. Do not take this as advice or anything other than practice. Please feel free to let me know what you think. Any constructive criticism is welcome!

- Foul Mouth Muggle

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Bearish Rectangle pattern formed?

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Overnight and my theory is holding up, let's see if we will hang out in the golden pocket and right the ship or whether this Failed 5th Wave is a signal for the broader market that we are in for a sustained correction...