SUMMARY

Ethereum (ETH) is correcting after putting in five waves. There are 34 possible corrective combinations at every turn in price. This is why corrections are not traded but monitored and analyzed for the terminal end to cast an entry ladder. The below chart maintains an ABC ZigZag (5,3,5) type as the primary.

Purely from a forward discernment perspective, the below chart lays out the probable price pathway for an ascending right triangle formation. The decline in volume also confirms, thus far. IF this is correct, the price would traverse similar to the white arrow line until it can breach up and above the upper horizontal trendline.

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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