SUMMARY
Fun Coin (FUN) was depicted in prior update with below Cup & Handle pattern. What's changed? The correction has continued to a deeper retrace. When the handle formation coincides with a Wave 2; the retrace can be deeper and so a longer handle. A Cup & Handle is not invalidated lest price goes below the lowest point of the cup formation.
A closer look shows an ABC correction. The C wave subdivides nicely into fives and likely waves 1,2,3,4 are complete with 5 remaining. Wave 5 should give a brief one more lower low.
Legal Disclaimer: 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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