Update short XRP Play, Target 1 hit, target two removed,
Nice, Target 1 got hit, and the bearisch divergences on the RSI and the Histo confirm the 5th wave is done imo....
Therefore i'm looking for a rebuy after the corrective waves, not going to follow these but i'll just ladder in just below 0.5 all the way down to 0.786....
Remember, now this elliott sequence is done it becomes the first wave of a bigger elliott wave... (fractals) This correction will become wave 2....
let's see how this plays out...
the blue lines are the horizontal supportlines i find important...
sorry for the messy chart, i hope you get the bigger picture...
Therefore i'm looking for a rebuy after the corrective waves, not going to follow these but i'll just ladder in just below 0.5 all the way down to 0.786....
Remember, now this elliott sequence is done it becomes the first wave of a bigger elliott wave... (fractals) This correction will become wave 2....
let's see how this plays out...
the blue lines are the horizontal supportlines i find important...
sorry for the messy chart, i hope you get the bigger picture...
Trade closed: target reached:
Nice!! Target reached!!