SIA COIN ( SC ) update - correction in progression ? Find out in this blog!

This analysis was requested by Hive account@martinf
Using Elliott Waves and Chart patterns is a very powerful combination.
Below we see that the fifth wave has been placed and we are in the middle of a correction at the moment. Usually retracing to prior wave four but not necessary.
PLEASE REMEMBER :

using fib levels I have labelled a POSSIBLE end to the ABC correction. Please note that this could turn into a triangle as well. Hive account@haejin always tells me to never attempt to trade a downtrend/ correction... let it finish then get in at the end. Ride the 5 Waves up!

So here is a possible outcome for the end of the corrections.

WARNING!! 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.