ETN is a chart I'm starting to like. It has spent much of its time in a downtrend. We now have a possible, and very strong five up. I believe we are likely to see a local B wave. However, if we get 5 waves to .03 I count the B wave unlikely and we are already in our third. This fractal I'm showing here, may lead to much more. As each 5 wave finishes, and retraces, a subsequent larger five wave fractal has a chance of starting. This is how markets reveal their fractal nature. But we'll need to see ETN pass first base first.
Note that free 15 day trials are available for our trading room and community on Elliott Wave Trader, where I am a full time analyst. You'll rub nose with, professional, amateur and traders in the learning process, while getting trade calls and ongoing direction for the market. No credit card is needed for a trial.