SUMMARY

IOTA has likely completed an ABC corrective sequence. The trendreversal looks more and more real because the MACD is just about ready to burst and that would support the two rounds of impulse waves up.

The LS, H and RS portions of an Inverted Head & Shoulders seem to be defined. There is a probable chance of a minor dip to complete the Right Shoulder and that would not necessarily disrupt the MACD pattern and once it begins to surge, price will follow as well (white arrow).

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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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