jaysag33

jaysag33

We're at the top of a channel at the top of the larger channel.

jaysag33

Well, last idea didn't work so trying to work out new direction. Hopefully we have stabilized and can start a new impulse up. We need more volume though.

jaysag33

LTC is very bullish. Retracement of wave 3 was minimal. I believe it will hit the $191 target very soon assuming it can stay within the channel.

jaysag33

I think we are looking at the 4th wave of eliott wave thery right now and sitting at a .382 retracement. It could dip to 162 which was the previous resistance and also at golden pocket .618 of the wave 3 structure...or it could go straight from 169 to 179. My red lines are previous zones where lots of action happened and they coincidentally pair well with fib extensions.