ARIASWAVE - XLMUSD Chart Pattern Analysis - MEMBERS ONLY UPDATE
This is my very latest interpretation of the entire wave structure that I can observe on the XLMUSD chart.
Wave (i) of Wave 3 had to be inserted as it does not appear correctly on the XLMUSD chart.
If you have a look at the STRUSDT chart on the 27th\28th October 2020 you can see this wave.
Whether or not this trade off is accurate, it does appear to fit with every other wave in the structure.
The corrections that occurred in Wave 4 and Wave ii of Wave 5 look strikingly similar which adds credence to the C-D-E pattern and overall structure.
This analysis is based on the latest Bitcoin chart analysis which indicates that we are heading into a cycle top before a new correction begins.
The $1.50 target is taken by measuring the length of Wave 3.
The length of Wave 1 would not be long enough to make a new high.
I believe it is also important to keep an eye on the Bitcoin chart to guide us as well as follow each wave as it subdivides into a full 5-Wave move for Wave 5.
I hope you find this analysis useful.
Mike.
AriasWave
Wave (i) of Wave 3 had to be inserted as it does not appear correctly on the XLMUSD chart.
If you have a look at the STRUSDT chart on the 27th\28th October 2020 you can see this wave.
Whether or not this trade off is accurate, it does appear to fit with every other wave in the structure.
The corrections that occurred in Wave 4 and Wave ii of Wave 5 look strikingly similar which adds credence to the C-D-E pattern and overall structure.
This analysis is based on the latest Bitcoin chart analysis which indicates that we are heading into a cycle top before a new correction begins.
The $1.50 target is taken by measuring the length of Wave 3.
The length of Wave 1 would not be long enough to make a new high.
I believe it is also important to keep an eye on the Bitcoin chart to guide us as well as follow each wave as it subdivides into a full 5-Wave move for Wave 5.
I hope you find this analysis useful.
Mike.
AriasWave
