SUMMARY
The countours of the very large saucer pattern you see in the below chart of Spank Chain (SPANK/BTC) is being adhered to quite closely. The wxyxz (white) labels show that Z finished as a combination to a symmetrical triangle (blue lines). Regardless of the size of the rounded formation, there are still three parts, the left wall, basin and the right wall. I think the right wall assembly has started. The MACD is also supporting that projection.
The impulse waves show that wave 1 is complete and likely wave 2 is in progress. Once wave 2 completes, wave 3 starts. The MACD is almost ready to resurface into a sizable breakout! Rallying into July.
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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
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