SUMMARY
Complexity of a correciton arises when price goes sideways and Altcoins are the best at generating these near horizontal, boring, time pacman actions. The below shows that even with the mighty recommendations of the PBC group, Solar Coin (SLR) will obey only the sentiment that drives it. The WXYXZ is spread out flat like butter on a bread and the subwaves just get plugged into it. However, every correction comes to an end and if the final white Z wave completes with an incremental, even ever so slightest lower low; a trend reversal could be expected.
The MACD is showing a very flat symmetrical triangle pattern and it means its up/down mobility will be serverely limited and in a week or so; it'll also be very close to the apex. Time to accumulate or divest?
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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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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