These large range 2 and 3 day reversals are always good to consider. The bears may have gotten over extended here and it could reverse back up into the prior range over the next few days.
I am currently long LTC and planning on selling most or all at the end of the day but this could be something that runs an additional day or two while the bears cover their shorts.
This is near the edge of pitchfork so I am not looking for any major bullish swing or long term position. It's more of a technical bounce than a structural support level that can be used for building a large position.
I am currently long LTC and planning on selling most or all at the end of the day but this could be something that runs an additional day or two while the bears cover their shorts.
This is near the edge of pitchfork so I am not looking for any major bullish swing or long term position. It's more of a technical bounce than a structural support level that can be used for building a large position.
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