SUMMARY
The below is a chart of Metal (MTL/BTC) which was posted on March 2nd. The symmetrical triangle was counted as an abcde and wave e had not yet been started. The white impulse waves showed the proposed pathway should an upside breakout occur.
The current chart shows the resulting breakout with wave 1 and 2 of the impulse likely complete. While there have been instances where even at this stage a lower low can be made, the like move seems to point to higher highs IF Bitcoin can also renew its rise as well.
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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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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