Ascending Triangle + Bull Flag
-Held support at the 618 of the current range.
- Ascending triangle bull break, forming a bull flag from last pivot.
-Targeting 1:1 extention of last impulse.
- 4hr 200ma at 47
- My stop is below 4hr ma and last low.
Keep it Simple.
Manage Your Risk.
Don't Get REKT!!
//Disclaimer: This is not financial advice.
- Ascending triangle bull break, forming a bull flag from last pivot.
-Targeting 1:1 extention of last impulse.
- 4hr 200ma at 47
- My stop is below 4hr ma and last low.
Keep it Simple.
Manage Your Risk.
Don't Get REKT!!
//Disclaimer: This is not financial advice.
Nota
LTC looking to establish support at 4hr 200ma. That's why I placed my stop below the 200, and below the last low after the fake breakout at resistance, but set a higher low. That was my thought process for the stop. Let's see how it plays out.
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