ETH 4 Hour Chart Coinbase

I've numbered the minute degrees from the minor degree B to C on the above ABC correction.  The illustration below is an example of how to view the waves.  We should be wrapping up this move very soon.  The money flow indicator (MFI) is ready to go green.  I'm looking for a touchdown at 242. 

Figure 1-3 illustrates two waves, eight waves or thirty-four wave, depending upon the degree to which we are referring.  Elliott Wave International

I like using Elliott Wave Theory as a guide and overall assessment in viewing charts.  This is my online journey to track my progress in developing a trading strategy.  Please let me know if you use EW in your trading strategy and what you like about it.

Happy trading,

3rd Dog   

I’m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature and are therefore are unqualified to give investment recommendations.  Always do your own research and consult with a licensed investment professional before investing.  This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.