Hey brother, I've just posted two "Chart-Casts" in attempt to clarify the contents of this post. Perhaps you may wish to check them out - and let me know your thoughts...
Here's the link:
https://steemit.com/bitcoin/@passion-ground/btc-elliott-wave-101-the-big-picture-plus-clearly-defining-the-risk-of-absolute-ruin-for-btc

Feel free to "re-steem" if you are so inclined... Cheers, mate!