Bytom (BTM): Looks Bullish!

SUMMARY

Bytom (BTM/USD) put in an impulse wave of blues with an extended 5th. When price goes vertical, I often put in pre-sell ladder with some rungs that are pretty lofty. When price spikes like this as a wick, those lofty sell rungs often get triggered. The second impulse (white) is also complete and the resulting correction is well under way.

When adding pattern, the Cup & Handle is quite uncanny (purple). The handle is forming what looks to be a downward wedge pattern. Look at the MACD..it's oversold (blue circle). Would this be an ideal time to be casting a buy or a sell ladder?

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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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