SUMMARY
The below chart of Iconomi (ICN/USD) shows two fractals that seem to be playing with a high degree of similarity index. The downward symmetrical triangle has been breached by the blue fractal after a wxyxz complex corrective sequence. What's next?
The "You are Here" markers show the approximate correlation of the fractals. IF this is correct, then the Elliott Waves show that wave 1 (blue) is complete and wave 2 is in progress. The remaining waves 3,4,5 should take prices to lofty heights. The MACD of the white and blue fractals also show very correlative relationship.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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