<center>![](https://steemitimages.com/DQmWPk9pGawtxkJQ11KtjmsDaJ4Nnz84ggyRCdVJsq6f8TZ/image.png)</center>
--

**SUMMARY**

Cisco (CSCO) ran up the impulse tree as if a lion was chasing it!! The whole move was nearly vertical! The initial downturn of the correction was massive as result of the dot.com bubble fallout. Since then, it has risen incrementally in a very sideways and overlapping manner. When price moves are overlapping, it's an indication of a corrective or bounce type. Why hasn't CSCO able to make all time new highs since the year 2,000?

![](https://steemitimages.com/DQmZGen1M7Z8gFDXmf5NKHpoX3g2rYw3VZbFAhZYwZdPVLV/image.png)

First, the extended 5th (blue) tells alot. The overlapping price moves show an ABC retracement of the sizable crash during the dot.com bubble. I believe this C wave is nearly complete. Price could reach higher highs and even reach towards the 0.618 from the current 0.5 Fib level. However, the correction is not yet complete and that's why a new all time high has not been made since the year 2,000. The remaining C wave down could be horrific as shown because it'll reach towards the wave 2 (blue). Most extended 5ths cause a deep retracement towards prior wave 2. Be cautious.
![](https://steemitimages.com/DQmREqtqKcGLd2SyE1xTmWpoi3cHqpVczHmZ49Zavgz11sc/image.png)



**Legal Disclaimer**: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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)

Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!!
Follow me on [StockTwits](https://stocktwits.com/HaejinCrypto) for UpDates!!
--
--
<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif



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