This is messy but bare with me. I don't sketch well with a mouse. I could make it beautiful but I wanted to do a quick illustration of the fractal nature of EW. Here we have RISE in negative, this year, super imposed over the first five up in Ether,which was last year. What I'm trying to say is that we appear to be working on the first five up. And, that fractal is called a larger degree wave one. As someone who applies the theory it is then reasonably expected that we get similar fractal at a larger degree, like Ether is in now (still wrapping up the third). This is also why I believe we will hit a bear market later this year but more likely 1st Q next year. I don't know how long it will play out. Ether's wave 2 was 6 months. Then the fun begins all over again.
This 5 up fractal is now being displayed very nicely and relatively orthodox in STEEM, RISE, SHIFT, OMG, NEO, LSK to name a few (NEO probably off time cycle). and quite a few more. Again, LUN, ADX, a few others are likely a diagonal pattern. It could lead us to a cleaner impulse in the third wave, but we don't know yet.
It is also this fractal nature that allow me to 'plan' my trading, looking out in the future for when these fractals could complete, and stalk swing trades on smaller timeframes. It still is amazing to me that I can do that.