SUMMARY
A five wave impulse is followed by a corrective retracement and that becomes a fractal which repeates at all degree of trends all at the same time. That corrective scenario can be an abc zigzag, flat or a triangle. The fourth type is often called the complex combination. The chart below shows SALT/BTC still working hard on the handle portion of the overall Cup & Handle pattern. The blue abc could be marking the low for the correction; but similar to BTC, the upper white line needs to be breached decisively. Anything short of that would negate the correctional bottom being in.
The SALT/ETH pair has been placing an extended correction since October of 2017. Talk about a slow correction! The whole red wave b had been a complex wxyxz type as shown in the below chart. The curren c wave could pattern out a Cup & Handle but further evidence of an impulse oriented turn is required.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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