SUMMARY
With Elliott Waves, one can always locate the current position of price action. No matter how erratice or volatile the price action seems. At first glance the below chart could look very confusing. However, Elliott Waves puts a perspective of what happened and what can be expected to happen.
The below chart shows that SubStratum was undergoing a correction which now is or will be done at any minute! If so, then a trend reversal is imminent and should start with an impulse that will serve as subwaves (punt intended) to white circled wave 1! The target is 0.00004558 or a 100% profit potential!!
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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