SUMMARY
EOS still has a likely chance of a lower low as had been shown below but with updated labels. I don't believe EOS or any Altcoin corrects so quickly as their corrections have about always been very slow and takes a very long time. There is likely to be a period of an extended, sideways movement of price as part of the correction process and that's when the double or triple combinations are used.
Here is a potential sideways movement that could pattern into a triangle. IF this morphs into a WXYXZ process, price overlaps will become quite apparent. However, the MACD is also triangulating as shown in the below chart.
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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