SUMMARY
Patterns, patterns, patterns! I had previously shared these Head & Shoulders fractals before and their repeats are uncanny! The below chart shows the fractal boxes. The arrows show the price touch points. I believe still that one more lower low would be ideal to finish off this correction.
Here is a higher resolution view of the H&S fractals. The blue outline of the perhaps last fractal of this sequnce is traced out.
The ascending wedge is combined with the smaller H&S fractal pattern. These indicate one more lower low is likely.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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