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AION/USD: WXY Could Be In The Works

AION/USD is diaplaying a downward wedge and it looks bullish from a short term perspective, given that price has broken out. However, longer term perspective always takes priority.

The wave mapping shows that WXY can be sublabled in what looks to be a very three wavish subwaves. The abc subwaves of A, B and C become more clear and that likely the wedge is wave (a) of the abc sequence. The breakout is likely working on the (b) wave.

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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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