Here we examine the potential A-B-C correction in LTC.
The dark blue count reveals a scenario where we head for another impulsive wave down.
The pale green count looks at a possibly finished down trend.
From my perspective, the dark blue count seems much more likely at the moment, though continued resilience at these price levels may lead to a commendable bounce upward.
*Please note - I have arbitrarily placed dark blue 5/C (ie. they do not correspond to an actual expected downside price)
I have no strong conviction to the upside or down side at the moment.
For now, we wait for stronger signs of direction to reveal themselves.
The dark blue count reveals a scenario where we head for another impulsive wave down.
The pale green count looks at a possibly finished down trend.
From my perspective, the dark blue count seems much more likely at the moment, though continued resilience at these price levels may lead to a commendable bounce upward.
*Please note - I have arbitrarily placed dark blue 5/C (ie. they do not correspond to an actual expected downside price)
I have no strong conviction to the upside or down side at the moment.
For now, we wait for stronger signs of direction to reveal themselves.
