SUMMARY

DASH has been plotting the course for a WXY combination Elliott Waves and triangles are playing solid roles. WXY in effect has two corrective patterns connected. By connecting simpler corrective patterns allows price to move sideways and this move can be extended. The X wave is the reactionary wave is usually a zig zag (5,3,5) but not required as it can be a flat (3,3,5).

The below chart shows blue wxy waves which appears quite horizontal in form and pathway. The W wave can be seen as a triangle/zigzag; the X is a flat and Y is a zig zag with a triangle b wave combination. IF this count is correct, then the Y wave could call for a lower low, even if it's a little below the low of prior A wave.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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