SUMMARY
The below Bitcoin (BTC) charts show how multiple scenarios and pathways all jive well within a larger picture of price movement. First, the first of the two wedge fractals can be used as a guide for the future price pathway of the smaller one. The blue and white arrows indicate this application.
The IHS and wedge pattern jive well into the overall price movement as well. The RS can be formed in either the blue or the white pathways.
The five waves up indicate the threee wave correction which is currently in the process of finishing the C wave with its five subwaves of which red 1,2,3,4 are likely complete and 5 is in progress.
All of the above scenarios also jive and fit well within the larger picture of price moving in an ABCDE symmetrical triangle pattern. The circle highlights the current blue D wave and its three subwaves in action, red ABC.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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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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