SUMMARY
IF the below fractal has bearing on how ZEC price moves in the next few days to weeks, it would at least provide an awareness of the probable scenario. Remember, awareness keeps the panic away. Notice the price movement in Fractal #1 where the left side had a two peak price rise and then an abc decline to a lower low. The blue box for Fractal #2 shows a similar pattern where the abc can also be traced to potentially leading to a lower low. While this is not my primary count, having this pair of fractals in awareness would remove the broadsided effects traders often get when not in awareness.
Here is the ZEC broadening pattern. The ABC waves are complete and D could still be in the works with a one more lower low potential. This could result in a brief piercing of the lower trend line as a bull wick. So what might look bearish could always be absorbed by a larger time frame perspective. The bigger picture always matter the most.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
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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