Litcoin expectation

WEX:LTCUSD   Litecoin / Dollar
We've had a large down, i seem to have identified it as a bearish Elliot with a 5th wave extension, I'm expecting an upwards correction, in blue I have highlighted the correction I'm expecting if the downtrend is to resume. And in purple I've highlighted my expectation for a possible recovery of the short term down trend.

This my my own amature interpretation of the technical analysis , I might be wrong, I might be right. Time will tell.
Trade according to your own strategy.
Kommentar: my general expectation has come true, i have learnt again.
I can tell you're a noob. Wave 5 cannot be longer than wave 3
@Ramimns, Not true. Elliot Wave states that wave 3 cannot be the shortest. That does not mean other waves can't be longer.
jobs23 Rossonomics
@Rossonomics, thanks for confirming, i knew this. @Ramimns youtube has a lot of video's and information on Elliot waves, knowledge is power!
jobs23 jobs23
@jobs23, also I'm glad to see that my expection went pretty well :)
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