METAL (MTL) Could Impulse Higher

SUMMARY

The below is a chart of Metal (MTL/BTC) which was posted on March 2nd. The symmetrical triangle was counted as an abcde and wave e had not yet been started. The white impulse waves showed the proposed pathway should an upside breakout occur.

The current chart shows the resulting breakout with wave 1 and 2 of the impulse likely complete. While there have been instances where even at this stage a lower low can be made, the like move seems to point to higher highs IF Bitcoin can also renew its rise as well.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--