SUMMARY
NOTE: If this blog gets downvoted; @ranchorelaxo has our backs!!
STOX (STX) is very attractive as a buy because it's at an early stage of Cup & Handle pattern. The left hand side shows an uncanny bear flag as well and price, as expected, declined to a new lower low. The impulse waves are showing the future price pathway towards $5.31 or HIGHER.
When the /USD and /BTC pairs show near identical pattern and Elliott Wave count to the same bullish side, it has a reinformcing impact. The below shows STX/BTC with a similar Cup & Handle pattern as the STX/USD chart. Overall, this is very bullish such that higher highs can be expected!!
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 Mumbo Jumbo: 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.**