<center>![](https://steemitimages.com/DQmQK4McrgQrRtfJ1EqYHY2SKK4h43qbTeQrQY1uNdf5HrY/image.png)</center>
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**SUMMARY**

While the fractal nature of previous to current price action still stands valid as noted in previous analysis, Bitcoin Diamond (BCD) has extended the price correction to fit into the complex type as shown by the blue waves. Based on pattern, there is likelihood that the blue Z wave might not necessarily require a lower low.

![](https://steemitimages.com/DQmVyuUyki5HeMn6Kw9yXd6EefK1tw18DN298pGyAy2awPz/image.png)

The final triangle morphs the complex into a combination type. Note the proximity of price to the apex in the oultined blue symmetrical triangle; its forecasting a likely breakout.
![](https://steemitimages.com/DQmUPeZSRRDThN5HYK3mnJzHetdbzvjw2FoR9af8PwvtJpr/image.png)

The overall pattern look is that of a price rounding formation. A breakout from the Z triangle could provide the start of the impulse to build the right wall of the pattern. 
![](https://steemitimages.com/DQmbRR7Tvg5YRWx1HJ1DpEwQJYDqBYfU8M8VoVYdjpBMnSL/image.png)




**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. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

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