Cannabis (CANN): Waiting on Impulse

Cannabis (CANN/USD) has a few scenario probabilities. The primary is an impulse Elliott Wave projection and the alternate involves a longer sideways movement to fulfill the Hurry Up & Wait condition of most Altcoins. The chart below shows the handle of the Cup & Handle pattern formation is likely complete and should be followed by an impulse 1,2,3,4,5.

A closer look at the breakout shows an expanded flat abc correction in progress. This is when the B wave is higher than the origin of A wave. IF this is the correct count, then price is putting in the final counts of wave C subwaves (white). Wave 5 should complete soon and likely mark the C completion.

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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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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