SUMMARY
Since June of 2017, ARK's been movements have been bound by the top and bottom lines of the broadening pattern. This coin's recent touch of the upper blue line was brief with multiple attempts to breach it. Since then, the abc three waves have returned the price to the lower trend line and there it currently sits. Notice how wave C pierced it but returned the price right back inside the broadening pattern. This is bullish and as price currently is sitting on the trend line as support, the white Elliott Waves outline a potential pathway to a new all time highs.
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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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