<center>![](https://steemitimages.com/DQmbHi7XWiw3s6tottAkr4qqantrsxCZSew5iiMLSQU7XQc/image.png)</center>
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**SUMMARY**

Cardano (ADA) has been correcting weaving its waves within the contracting downward symmetrical lines. The below chart shows one more lower low can be identified. Now, there are multiple ways to lable this pattern. I've chosen the easy for beginners to see a,b,c but a more complex wxyxz types can be used as well. If you get two Ellioticians in a room, there will always be disagreements on how to lable the waves. The green circle represents the buy zone area where a ladder can be cast. Should price decisively breach the upper white line; a different scenario as shown in the second chart can be used. 

![](https://steemitimages.com/DQmd5iHjdFCrxfjJjUNh54Wje85N6eQZdrcUvbYat1f6pBs/image.png)

A decisive breach of the upper line of the symmetrical tirangle pattern would lead to an impulsive move of price. This would be a positive indicator to the bottom perhaps being in place. It would be intersting to see how the overnight price moves. Regardles, one more lower low or already in....exciting and profitable times are ahead of us!
![](https://steemitimages.com/DQmTVnAHCq8wBtCFzHqsQBmwjw216h58BB1YtP1a3LCwpPj/image.png)


**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. </center>

Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

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<center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>