STEEM has been in a correction for over 70 days, this sounds very ugly and scary but the pattern that has formed in this
correction is rather beautiful. I am talking about the falling wedge pattern. After the 5 wave sequence that played out a ABC correction is needed.
Most of the time these ABC corrections are complex and will form some sort of pattern, most of the time these patterns will break out on the E wave in the sequence.
We are very close to that level. We can confirm this action by counting the subwaves in every wave, the waves ABCDE needs to contain 3 waves each. It is possible to count these subwaves so a legitimate breakout can happen soon.
Example:
