LTC third wave of correction may be targeting 165 ish area

2 Mar 2018

I had updated this before already in my last idea, but decided to start a new idea with a more fitting title. I have been honestly leaning toward this potential third wave of correction, which makes sense looking at the only partial retracement of the last rally, and missing "c" wave from potential three wave EW correction. forming s potential H&S targeting -again, the 165 ish area starting to really make me think, seeing as how the baseline for the last rally is also at that level. Lots of pointing going on towards that area. My idea is that if this potential H&S closes and we breakdown below 200 again, the target of 170 will be hit, with potential to go even a bit lower.