**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. The red ABC waves have been labeled and the subwaves fall well into place. I believe a wider scoped perspective always prevents myopia. 

Price is also starting to gap and the direction is upwards. Usually, this signals a sizable rise potential in buying interests. Let's see how the price pans out in the next few days.
<center><img src='https://s17.postimg.org/41xy5hlkf/Screen_Shot_2018-03-06_at_11.20.59.png'></center>
***
 This is significant because it confirmed the depletion of sellers to the extent that basically not a seller could be found. This triangle consoldation was after completion of a five wave impulse move and would have finished the motive.

 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.
<center><img src='https://s17.postimg.org/tkqaihpov/Screen_Shot_2018-03-06_at_11.20.04.png'></center>
***

**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.
<center><img src="https://steemit-production-imageproxy-upload.s3.amazonaws.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV"></center><center><img src="https://steemit-production-imageproxy-web.s3.amazonaws.com/U5dt8BFauhjGURqh8Rn38guHXV9gmrZ"></center>