As you can see in the chart we have repeating patterns with matching divergence which gives us an excellent sell signal.
I am looking to enter this SHORT near the Red line marking the right shoulder of the Head and Shoulders Pattern.
I will be looking to TP and Buy some LTC at the retest of this structure as it has in the previous identical pattern. More specifically looking to buy around the 251.00 area and will update with a new Trade Idea at that time.
Use stops above the Head and shoulders "head" and TP when you are happy with profits.
Nothing is guaranteed, be careful and be smart.
"Trade, don't Gamble"
I am looking to enter this SHORT near the Red line marking the right shoulder of the Head and Shoulders Pattern.
I will be looking to TP and Buy some LTC at the retest of this structure as it has in the previous identical pattern. More specifically looking to buy around the 251.00 area and will update with a new Trade Idea at that time.
Use stops above the Head and shoulders "head" and TP when you are happy with profits.
Nothing is guaranteed, be careful and be smart.
"Trade, don't Gamble"