Friends,
Last Saturday, we offered two opposite targets, one bullish, and the other bearish, suggesting that LTCUSD first rise to hit our 23.357 bullish target, then would be declining.
We are glad to say that it did just that, by first hitting the bullish target dead on (See the trade here using TradingView.com replay feature: www.tradingview.com/v/NQP6aiNs/).
Immediately after that dead-on hit, price folded to test a prior structure low (18.457), then bounced to a numbing consolidation range.
The pattern trader might possibly see the nascent formation of a Bat with its A-B-C root just formed, however, the C-D leg would probably require a bullish outlook to buoy the next candles to a pattern completion. Instead, our predictive analysis remains quite bearish and making that pattern completion scenario a low probability event.
OVERALL:
Looking at the week ahead, 15.565 remains a high-probability target, as our analysis has not changed in terms of direction and forecast.
Cheers,
David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting
PS:
1 - Review about trade and its prior analysis here:
-
2 - Review our recent BTCUSD (GOX) Week-In-Review and forecasting:
-
---------------------------------------------------------------------------------------------
NOTE: No, not fork casting, but we have manners at the table. Plus,
we can talk, meet and greet over honey and tea with civilly:
- Twitter: @4xForecaster
- TradingView.com: 4xForecaster
- Facebook: www.4xQuad.com
(we appreciate the "Likes" sweeteners too)
Want to explore our recent successful forecasts?
- Archived here: bit.ly/16JMnH8
- A few examples there:
1 - #USDollar: on.fb.me/19Pf77y
2 - #AUDUSD: on.fb.me/1kDHbdB
3 - #NGAS: on.fb.me/1aSMYHV
---------------------------------
Disclaimer from Bob Lobb Law:
All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations. Want to trade? Then, do your own due diligence first, seek professional advice from a licensed professional and enter the market at your own perils - 4xQuad, LLC.
Last Saturday, we offered two opposite targets, one bullish, and the other bearish, suggesting that LTCUSD first rise to hit our 23.357 bullish target, then would be declining.
We are glad to say that it did just that, by first hitting the bullish target dead on (See the trade here using TradingView.com replay feature: www.tradingview.com/v/NQP6aiNs/).
Immediately after that dead-on hit, price folded to test a prior structure low (18.457), then bounced to a numbing consolidation range.
The pattern trader might possibly see the nascent formation of a Bat with its A-B-C root just formed, however, the C-D leg would probably require a bullish outlook to buoy the next candles to a pattern completion. Instead, our predictive analysis remains quite bearish and making that pattern completion scenario a low probability event.
OVERALL:
Looking at the week ahead, 15.565 remains a high-probability target, as our analysis has not changed in terms of direction and forecast.
Cheers,
David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting
PS:
1 - Review about trade and its prior analysis here:
-
-
---------------------------------------------------------------------------------------------
NOTE: No, not fork casting, but we have manners at the table. Plus,
we can talk, meet and greet over honey and tea with civilly:
- Twitter: @4xForecaster
- TradingView.com: 4xForecaster
- Facebook: www.4xQuad.com
(we appreciate the "Likes" sweeteners too)
Want to explore our recent successful forecasts?
- Archived here: bit.ly/16JMnH8
- A few examples there:
1 - #USDollar: on.fb.me/19Pf77y
2 - #AUDUSD: on.fb.me/1kDHbdB
3 - #NGAS: on.fb.me/1aSMYHV
---------------------------------
Disclaimer from Bob Lobb Law:
All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations. Want to trade? Then, do your own due diligence first, seek professional advice from a licensed professional and enter the market at your own perils - 4xQuad, LLC.