UBIQ (UBQ): Big & Small

SUMMARY

UBIQ (UBQ/BTC) ran up the impulse ladder as if there was no tomorrow! The rise was a vertical and when anything goes vertical, it's not sustainable and the resulting correction was very deep. The lack of maturity in liquidity gets the coin to be like a paper in the wind of volatility.

The below chart shows a big and small fractal version of a wedge pattern. The difference is that the larger one was the correction and the smaller one could be the for a potential trend reversal.

Such fractals can be used as one input to support a future price pathway projection. The smaller wedge rise is labeled as wave 1 of an impulse motive and wave 2 is just about finishing up. When wave 3 onsets....it'll likely be a site to behold and its actions will be fully supported by the MACD.

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?

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