WaltonChain (WTC) Analysis: Probable Evidence of a Complete Correction

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·@haejin·
0.000 HBD
WaltonChain (WTC) Analysis: Probable Evidence of a Complete Correction
<center>![](https://steemitimages.com/DQmQK4McrgQrRtfJ1EqYHY2SKK4h43qbTeQrQY1uNdf5HrY/image.png)</center>
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**SUMMARY**

Walton Chain (WTC) is about complete, if not already, with an expanded flat. This is an ABC correction, except the B wave is higher than the origin of A. As you can see in the below chart, the B wave is higher that prior white circled wave 5, which is the same as the start of the red A. The C wave has morphed into a downward wedge, which is the second most common pattern in cryptos. 

![](https://steemitimages.com/DQmPeewZiMGvvqpf3xRJ1ed89cHAYjrTixwCKmQDrNbyWTp/image.png)

The subdivision of wave C has several ways and I've selected the wxyxz. All waves seem and look complete. However, price still remains within the confines of the downward wedge boundaries. 
![](https://steemitimages.com/DQmZo8hQfm4GUkSH8STDVeyku9jzgf2t9rCucGq58Ze9Quk/image.png)

Drilling even deeper confirms the probabilit of this ABC being complete as being high. Let's see how the next few days' price action pan out. The alternate is that price continue its sideways action.
![](https://steemitimages.com/DQmSGU6SMjkZBdK1wbSUxGft6ogBt9cBjVg3GGEXBLXgrcr/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>


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[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
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