Strategy Notes May 17th, 2018

1) Until we see quality impulsive price action one should brace themselves for further dowsnide. 

2) Very few charts don't have room between here and support for the impulse off May lows. With some exceptions further lows on the hourly chart will change nothing about intermediate and long term targets. 

3) Again, if not clear where support lies, consult past analysis and if unclear, please ask. 

Ryan Wilday hosts the Cryptocurrency Trading service on ElliottWaveTrader.net.