STEEM is keeping to the plan of producing a final panic low. Wave 3 of C is complete and wave 4 will also be completed soon.
This has some implications, because wave 3 cannot be the shortest wave:
This is how I predicted it:
This is where we stand right now:
Here is an other illustration from a higher timeframe:
If you think this to be useful information:
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)