SUMMARY
On April 14th, the below chart was posted as analysis for Aelf (ELF/USD). The rounded price formation was uncanny and it was clear that the right wall was being built as evidenced also by the impulse waves. The left wall consisted of the C wave of the ZigZag and the basin phase had also completed. Higher highs were projected.
Currently, price rose as high as $2.15 to deliver 127.52% in profits. However, it can get better as shown in the below chart. The Elliott Waves 1,2,3 and 4 are complete and so that leaves wave 5. The purple subwaves of 5 show that the bear flag is about complete and the final white 5th wave should be placed. Bear in mind that the rounded formation is also likely the Cup pattern and the bull flage is probably the handle; and if this is correct, much higher highs could be potential.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?
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