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?
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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