apdodog
Long

XLM/USD - Is The Reversal Coming Soon?

BITFINEX:XLMUSD   XLM / Dollar
Hello traders,

We are looking at a possible standard triple structure correction which would mean that the correction is likely to be over and we can expect a reversal pattern to the upside very soon.
However, if a WXYXZ pattern starts to form then we will most likely only get a small up move to be rejected at/or slightly below the yellow trend line and then fall down one more time to make a new low.



If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
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Thank you,
Good luck
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