Cannabis (CANN) has Likely or is Close to Completing a Complex Correction

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SUMMARY

Cannabis (CANN/BTC) has most likely reached or passed the mid poin of a rounding price formation (white arrow). If the first fractal can be a rough guide of price progression, the complex correction wxyxz shows that once the z wave is complete, the pattern is likely to be more than 2/3 done. The right side wall of the round price formation should be initiated soon.

The closeup shows that the subwaves for now confirm that the wxyxz (red) are likely placed and complete. The white abc subwaves of the red (z) wave subdivides well and show that the bottom potential is higher; though continued sideways action can also be likely. An incremental lower low would only re-assign the (z) wave position but keep unchanged the destination.

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.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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really good post(Haejin)

thanks for the information you have posted in every hour. this is very petrified.

thanks for the info

thanks for that updated information

nice article

Muy interesante informacion, y asi estar al tanto

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin8999.830$-0.5%11.44%
EOSEOS7.094$16.02%39.28%
QAUQuantum0.141$-5.49%-0.07%
WAVESWaves5.002$-2.21%2.56%

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