VeChain (VEN) is Likely to Take the Extended Pathway

SUMMARY

VeChain (VEN) is putting in some very classic Elliott Wave moves and Chart Pattern. Following a nicely completed impulse motive of five waves up (white), the requisite correction is in progress. While many analysts might be calling for an abc type of zigzag correction as shown in below chart, I believe Altcoins take the longest route possible and usually, a simple zigzag is too fast to satisfy that requirement.

The below chart shows a symmetrical triangle in formation and the 3,3,3,3,3 subwaves of abc (white) for each abcde (red) fall into place with near precision. So, since red a,b,c are complete; the remaining d and e will allow the time extension into April. All corrections pass and so shall this one; the key is to ladder in at the terminal end...are we near the terminal end of a correction?

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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