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santiagofalcon
Apr 10, 2021 8:39 PM
XRP ELLIOT COUNT
BITFINEX:XRPUSD
1D
XRP / Dollar
Bitfinex
Description
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Apr 10, 2021 8:39 PM
NICE XRP
Fibonacci
Elliott Wave
Comments
wavefxacademy
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Apr 11, 2021 7:58 PM
Base on the wave rules, wave 4 cannot overlap wave 1 except in diagonals.
Diagonals are never in wave 3, so therefore, I think the best way to view this move is as a Triangle correction.
Base on the placements of Triangles we can safely say we finished wave 4 and now in the 5th wave impulse.
Slippery09
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Apr 11, 2021 9:39 PM
@wavefxacademy
, agree, I see a lot clearer picture on the H4.
I am hoping it will pick up my orders at 1.22 but maybe it's ready to go up again!?
Slippery09
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Apr 10, 2021 8:52 PM
Can 4 be below 1?
santiagofalcon
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Apr 10, 2021 9:06 PM
@Slippery09
, in theory no but there are exceptions, meanwhile the wave 3 is not the largest could be a overlap of 1 and 4
wavefxacademy
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Apr 11, 2021 8:03 PM
@Slippery09
,
See alternate analysis from me in the comments
More
Diagonals are never in wave 3, so therefore, I think the best way to view this move is as a Triangle correction.
Base on the placements of Triangles we can safely say we finished wave 4 and now in the 5th wave impulse.