SUMMARY

VIBE's correction has been incrementally declining while still going sideways as shown in the chart below. The blue WXYXZ waves are most befitting for such complex corrections. The current position of the Z wave is not final and thus can be moved further to the right if time and price extension occurs. The chances are high that this extension will occur given the Altcoin propensity really slow down the correction. However, for now, with the blue Z at current positions, the subwaves do place quite well.

The overall pattern is convex and based on symmetry, the rounded price formation most likely more than 2/3 complete. Again using symmetry, the right side wall of the pattern can be expected and the tentative white impulse waves provide the initial pathway potential.

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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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