For Altcoins, each has a slight difference in pattern preference. As we've seen how Bitcoin prefers wedges; STEEM is currently patterning a sizable abcde triangle. The below chart shows that each of the ABCDE can be subdivided into smaller abc waves. So, if A,B,C,D are complete; then E is in progress and is expected to soon complete.
IF the final E wave is subdivided as a ZigZag (5,3,5); the first five waves can be seen as complete; the brief abc can be seen as complete as well; and the final 5 subwaves of the c of E is in progress. This could be exciting not because STEEM might revisit he $2 range; but because of what could come after the E wave completes.
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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?