SUMMARY
I like EMC2! This coin is in the process of completing the third fractal downward pointing symmetrical triangle. It's quite appealing to see how the contracting lines limit the price mobility and almost traps it within the grasps of the lines. Note that as price approaches the apex; the point at which the two lines intersect, price becomes far more agitated. Also, most importantly, there comes a point where not a seller is to be seen. All sellers have sold what they have and left the bar....so that only ones left are the buyers. This is when price explodes up and out of such bullish patterns.
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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