In this video I continue on from my XLM PRICE ACTION UPDATE which I will link below.
It all started a few weeks back when the price action was invalidated on the XLMUSD analysis.
Instead of just jumping the gun, I took my time in analyzing and discovering the flaws in my previous analysis.
Just because the main stream media is bearish didn't mean that I was going to follow along.
Instead I took it upon myself to try and understand what is happening in order to find any clues that might lead me on that path.
So now I present a more bearish view in a timely manner, pointing out the reasons why I believe we will go lower for a period of time.
This could potentially lead us into the end of the year but at this stage it is best to just follow the waves.
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 adviser, I suggest using this only as a guide. Always do your own research.
It all started a few weeks back when the price action was invalidated on the XLMUSD analysis.
Instead of just jumping the gun, I took my time in analyzing and discovering the flaws in my previous analysis.
Just because the main stream media is bearish didn't mean that I was going to follow along.
Instead I took it upon myself to try and understand what is happening in order to find any clues that might lead me on that path.
So now I present a more bearish view in a timely manner, pointing out the reasons why I believe we will go lower for a period of time.
This could potentially lead us into the end of the year but at this stage it is best to just follow the waves.
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 adviser, I suggest using this only as a guide. Always do your own research.
