QuantStamp (QSP): Breakout?

SUMMARY

QuantStamp (QSP) went nearly vertical during its five wave sprint up (white). This has since been corrected by an ABC correction. So, what's next?

The subwaves marke red C as an wxyxz sequence and the resulting five waves up are shown in white. Do you see a pattern?

Price had made a Cup & Handle which has completed and been confirmed by the recent price surge. The green circle shows the breakout and what needs to happen is for price to move up impulsively.

The MACD seems to support the price action as it too has broken out of the symmetrical triangle pattern. The proximity to the apex was not too far either.

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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
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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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