SUMMARY

The below chart is qutie bullish for ETH. However, it counts five waves as probably being complete, also. Price did successfully breakout of the ascending right triangle pattern and could generate a higher high. This would move the designation of wave 5 just that much higher.

IF the fives waves are complete then the current move up is merely corrective. The ABC correction looks as if A is complete and B could be or just about. That would lead to the C decline in five subwave impulse.

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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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