The problem with all recent ETH moves up is that there's no clear cut 5 wave internal structure in any of them which would imply the end of the correction in wave II of (III).
What we see instead is one 3 wave corrective pattern following another 3 wave corrective pattern. As of now it appears that we have a Symmetrical Triangle correction.
For this pattern to be confirmed we need the last leg down in wave E to around $200 with the following beginning of an impulse wave 1 of (III) up.
https://ibb.co/gtBS6a
What makes me unsure of this pattern either is that we are very close to its completion whereas the minimum time requirement for wave II of (III) is 0.38 of wave I of (III) time which should bring us to the 24th of August. So, the correction may well morph into something a lot more complex than what is presented here.
Please bear this in mind when making your buy/sell decisions that this is just one of the working ideas to consider. Corrections extremely difficult to predict.
PS. A move above $230 will invalidate this wave count.
