Monaco (MCO): Correction Could be Complete

SUMMARY

Back on February 7th, the below chart was used where the correction following the white five wave impulse had a couple options. One was to continue onto a lower low (blue abc) and the latter was to count the correction as being compelte (abc).

IF Bitcoin turns further up and puts in a higher high; I will be leaning towards the below count where the abc correction would be considered complete and that wave 1 up is also in with the wxyxz complex correction currenly nearly complete.

IF the Z wave of the complex correction is near complete; then wave 3 up would be next and the below chart shows what could be a conservative impulse outline.

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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
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