LISK (LSK): Sideways Complex Combination

SUMMARY

LISK (LSK) price had been moving sideways since December 7th and this kind of price action can throw off anyone looking for a quick completion of the correction. The "Hurry Up & Wait" nature of Altcoins to really slow down on corrections is being played out by LISK.

The chart below shows a triple combination of wxyxz (blue) and it is always used during sideways price moves. For each, the subwaves are labeled as abc (white) and while the X waves are often zigzags, such is not required. While the final z wave might be extended as drawn, it contains the 5,3,5 of a zig zag abc. IF this is the case, then a revisit of prior lows and likely a lower low is targeted. Currently, once wave 5 of A is complete, the abc of B should get started.

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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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