LTC Right Triangle Formation on 4 Hour Practice Chart
This has happened before in this run, with very similar structure. That Idea is linked below.
LTC forming a right triangle after a correction off a major impulse.
I think this triangle is ocurring in a reversal setting and will be squeezed down until a breakout to test the next resistance.
RSI is low in the Channel marked and is nuetral.
Higher lows forming in the price action (arrows)
Support found at 207 area currently.
This is clearly not advice. This is for my reference and enjoyment as a hobby trader.
Dont be shy to critique.
LTC forming a right triangle after a correction off a major impulse.
I think this triangle is ocurring in a reversal setting and will be squeezed down until a breakout to test the next resistance.
RSI is low in the Channel marked and is nuetral.
Higher lows forming in the price action (arrows)
Support found at 207 area currently.
This is clearly not advice. This is for my reference and enjoyment as a hobby trader.
Dont be shy to critique.
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