Counterparty has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Counterparty began a wave one advance on December 27, 2016. The wave one (sub-waves i-v) finished on June 19 this year, and the wave two (sub-waves a-b-c) correction ended on July 11. If this wave count is correct, Counterparty should be heading next towards the June 19 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Counterparty will takeout the June 19 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Counterparty will drop below the December 27, 2016 low".
If you think Counterparty is in a range, upvote this post and upvote the comment "Counterparty will stay in a trading range between the December 27, 2016 low and the June 19 peak until August 14".
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