ETHUSD 15% Correction | Elliott Wave | Jeremy WagnerEther is primed for at least a 15% correction.
After a completed impulse wave, I am anticipating a corrective structure down to $150-$200.  This would represent a 15-35% correction depending on how deep into the box it corrects.  Longer term HODL'ers will have an good opportunity to buy at these lower levels.  
Of course, no guarantees this will happen.  I'm using Elliott Wave as a frame work for determining market trends and hot spots for my crypto friends.
Impulsewave
Chegg Inc (CHGG - NYSE) - Impulse wave patternChegg Inc (CHGG - NYSE) has completed 4th wave in WXY correction double zigzag. It starts moving up in 5th final wave up, where it made 1st subwave up, now wait for subwave 2 to complete down side along with market today. Keep eye on invalidation level as stop level. Thereafter 3rd subwave will start moving up.
Godaddy Inc (GDDY - NYSE) - Impulse wave patternGodaddy Inc (GDDY - NYSE) has completed wave 4th as ABC zigzag correction. It starts moving up in 5th wave. Small correction within 3 min time frame will be good entry to capture impulse cycle, until it retains the invalidation level. In weekly time frame, it is in strong up trend and near to make all time high. 
Splunk Inc (SPLK - NASDAQ) - Impulse wave patternSplunk Inc (SPLK - NASDAQ) is in impulse wave pattern. It has completed 4th subwave of 3rd wave up. It is moving up in 5th subwave of 3rd wave up. So small pull back within 5 min time frame can be used to get in to trade for new high. This is out-performer to SPX. In weekly time frame, it is in 5th wave of C wave up.
Waiting for a rising bottomIn the 'coming bedtime for GBP' - related idea, I have expected an upside pressure which is here. 'Near the resistance' - idea, I forecasted a stop in the rising. EURGBP has been moving sideways from that time and the q. is what's next.
Although it trades above wave B with five-wave impulse, but the structure seems complete, that's why I expect to see a declining correction which should be high low around 0.8925, on the other hand, if trade below 0.8860 then the 0.88 could serve a good support zone. 
Wait for the signs
GBPUSD Elliott Wave | Short | Jeremy WagnerChart on the left suggests we are in wave iv of C (ending diagonal)...one more dip lower to retest today's low to finish off the bearish sequence then we may see a strong rally.
The chart on the right is a more traditional impulse and is one wave slower...so two more dips lower to finish off C then a strong rally.
Trend lines support a hold below the April 7 low.
If you are learning Elliott Wave, I'd appreciate any questions you have so it makes sense for you. 
Cheers!
Jeremy






















