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WAVES: Morning Update: Similarities to the September Correction & Recovery by hahajin

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· @hahajin ·
$0.18
WAVES: Morning Update: Similarities to the September Correction & Recovery
**SUMMARY**

The red ABC waves have been labeled and the subwaves fall well into place. The early recovery of the September correction also looked very corrective in that it seemed very three wavish. 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. 

A redraw of the correction into a bullish downward symmetrical triangle is quite impressive because of near termination status. It's almost done.
<center><img src='https://s17.postimg.org/g3tbzn2in/Screen_Shot_2018-03-06_at_11.21.02.png'></center>
***
 With Cryptonians are well aware of how deep retracements can be but also how quick the impulse can go vertical. One reason why triangles are quite common because it allows the price to become time pacman.

 The red ABC waves have been labeled and the subwaves fall well into place.
<center><img src='https://s17.postimg.org/m4r0womjz/Screen_Shot_2018-03-06_at_11.20.41.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>
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