SUMMARY
How many are now panicking from the current correction? How many are feeling your stomachs churn? I believe Technical Analysis helps to see the big picture. In fact, viewing the degree of trend could help.
The below chart looks a bit messy, but let me take you through it. If you step back and see the wider angled picture of Bitcoin Cash (BCH), you can see how the left most white five waves are actually themselves sub waves of blue wave 1 which is of a higher degree of trend. The subsequent red a,b,c were the subwaves of the higher degree of trend blue wave 2. So, what happens after wave 2? Wave 3 is next. You can see how blue wave 3 can't be lower than blue wave 1 in an uptrend. Therefore, this means one can have confidence in the probable outcome that if wave 1 and 2 are complete, then wave 3 up is next. How you arrive to wave 3 becomes less of a concern. This way you allow the price to flick around, at times like a fish out of the water, and let it attain wave 3. This is the way to see the forest from the trees which is really no different than varying degree of trends.
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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Legal Mumbo Jumbo: 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.**