Stellar (XLM) - Elliot Wave Analysis Apr 5th - Long Wave 5

Looks like Wave 3 has completed, and the price is now at what appears to be a good zone for a wave 4 completion. So it should be beginning wave 5 soon. Likely not more than a 1 to 1 extension. Wave 3 was very long - longer than wave 1. So this wave could be anywhere from sub-wave 1 length to excess of wave 3. Potential range is likely 0.0006 to 0.00076. This count would invalidate if price drops below 0.000479.

Risk = 0.000514 - 0.000479 = 0.000035 ETH
Low Reward = 0.0006 - 0.000514 = 0.000086 ETH
High Reward = 0.00075 - 0.000514 = 0.000236 ETH
Low RR = 2.4
High RR = 6.5

Comment:

Although the current price is actually at 0.0065 target (so "Target hit"?) my stop loss was triggered because the wave 4 correction pushed into wave 1 territory, by more than just a wick on the daily chart. I am beginning to suspect there is something off about this count, though I'm not totally sure yet what it is. Will post a revised count once I figure it out.