SUMMARY
Here is Monaco (MCO/BTC) putting in the final waves of an a,b,c,d,e consolidation triangle. Now, wave e is remaining and that means one more dip is likely. But, such could be a good time to cast a buy ladder. I explain in detail on my laddering system in this link..
When the MACD indicator also outlines a similar pattern as the price pattern, you have the confluence of bullish indications saying that goods things are likely to happen!!
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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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.