CIVIC (CVC) Update: Handle is Not Yet Finished

SUMMARY

After an initial impulse of five waves (blue 1,2,3,4,5)Civic (CVC) spiked as high as $2 and since has morphed its handle formation into a larger downward wedge pattern. It could be in its final wave down to mark the red c corrective completion of abc. IF so, the circle represents a potential ladder cast zone and once the wedge pattern completes and becomes confirmed, an impulse wave would signal the trend reversal.

The CVC/BTC spiked to an impulse as shown by the blue waves. The current correction is likely to become a complex sideways type and a lower low. The exact level of the Z wave will probably be pegged to the BTC.

Legal Disclaimer: 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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