If you know how to count to five, you can learn to how to spot the most basic Elliott wave pattern.
After five waves are complete, you can expect a move in the opposite direction.
Here’s an example of a completed five waves in Ethereum courtesy of Crypto Pro Service.
![](https://www.elliottwave.com/wp-content/uploads/2023/03/983DE4FB5F3B41A082BA5FD275611073.png)
Ethereum traded ABOVE $1700 less than 2 days later!
You can learn all about Elliott wave pattern recognition in our free online eReader of “Elliott Wave Principle: Key to Market Behavior.”
![](https://www.elliottwave.com/wp-content/uploads/2023/03/52CF21AB6B804753B6F2F423826BDBD0.png)