SUMMARY
STEEM is getting ready to make the next impulse rise to all time new highs! My prior targets of $2.24 and $4.0 have both been hit. My next target is $6.40 or higher! The below chart shows that STEEM is finishing an a,b,c,d,e triangle with only waves d and e remaining for completion. If this is the case, then an impulse set of waves could easily take STEEM to $6.40. I've also written in prior blogs that the SBD price actions could be seen as the leading indicator for STEEM and if this forecast is correct, the we could see much higher highs!
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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.**