AriasWave

XLMUSD - Price Action Has Been Consolidating For A Move Higher

Long
CAPITALCOM:XLMUSD   Stellar / USD
We are still waiting for another move higher for XLM .

Some clues has surfaced regarding what we could possibly be looking at here.

It seems a little strange that we have been consolidating for this long only to have a small pop to the upside.

In this video I explain why this is the case.

In this type of move it is not exactly easy to produce a target however tracking the waves will suffice.

In a nutshell there appears to be more Wave 1-2 subdivisions in this current move than in any of the previous 5-Wave moves.

In my opinion this provides a valuable clue.

Remember to use Disciplined Money Management Principles to ensure longevity as a trader.

If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?

Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.

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