$ETH and the Elliott Wave TheoryEthereum all time history indexINDEX:ETHUSDmachariavictor017From the top left, our Wave 3(Blue) retests at the 261.8% Fib. level and then forms a Wave A(Black). Our Wave 2(Blue) was a Zigzag correction and a Flat for Wave 4(Blue) is at per with Elliott Wave Principles. When Wave A(Black) completes, there is a retest and confirmation at the 161.8% Fib. level and this launches our Wave B(Black) which unfolds in three waves. Notices that Wave B(Black) goes beyond the ending of Wave 3(Blue). This is paramount for Flat corrections. After Wave B(Black) is complete, it also retests and confirms at the 261.8% Fib. level. Our next wave is a Wave C(Black) which would be our Wave 4(Blue). When this mentioned Wave 4 completes, we can expect a Wave 5 to begin. Our Wave 5(Blue) expresses itself in 5 waves shown in Green. Wave 1-4 are complete and we are in the last wave of this 5 wave move(Wave 5 Green). We could expect a lunge to the 423.6% Fib. level to complete this 5 wave move. Upon completion, this would be our Wave 5(Blue). A retest and confirmation at the 261.8% and 423.6% Fib. levels would launch a downward move.