**SUMMARY**

The blue arrow shows how any good Technical Analyst might call it a bounce awaiting a lower low. But even at this early stage of the bounce, not enough sellers were populated so that price had to go up. Even into this upward wedge; the seller repletion just was not enough to fulfill the wedge price travel guidance. When drawing chart patterns, I do take liberty in cutting out or ignoring some price wicks as you can see, the tallest wick is not considered for the pattern or Elliott Wave counting. 

This type of wedge has bearish implications and usually the gudiance is that price can fall below the starting point. 
<center><img src='https://s17.postimg.org/41xy5hlkf/Screen_Shot_2018-03-06_at_11.20.59.png'></center>
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 The red ABC correction is a FLAT with subwaves showing the 3,3,5 in precision. The horizontal blue lines show the presence of good support and the upper white trend line now also represents strong support.

 With Cryptonians are well aware of how deep retracements can be but also how quick the impulse can go vertical.
<center><img src='https://s17.postimg.org/tkqaihpov/Screen_Shot_2018-03-06_at_11.20.04.png'></center>
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**Legal Disclaimer**: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
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