orminlange

False breakouts.

orminlange Updated   
HITBTC:XEMUSD   NEM
Chance that next breakout will be succesful are always higher than prevois breakout. I hope that last bearish will be not fulfiled and XEM will build fast "five" (5th wave).
Comment:
It looks like this time bearish move from last formation is valid, so the corrective wave can do minimum 0.35 or even 0.3
Comment:
After rethinking of elliot waves forming here, last 5th wave can be small, especially after so huge wave 3rd:


So the possibility of deeper correction is ahead of XEM.
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