In this video I apply the same thinking to XRP as my recent revelations about XLM.
Now we can finally begin to estimate when this correction may end but so far Wave ii has not yet seen a Wave B.
In terms of alternation, we can see that Wave 2 between 2018 and 2020 had very small A-B-C-D and lengthy Wave E.
Wave ii may not be so much about alternating in terms of time but perhaps about alternation between the wave components within the corrective structures?
I suppose this suggests that Wave E may be the quickest and sharpest move compared to the others.
This may serve as a clue, but we won't know until we see Waves B-C-D unfold.
We may eventually see the formation of a cup and handle pattern at the highs, if so, this may suggest that low prices may not last that long.
Whatever the case may be, it appears as though time is limited and those that procrastinate will miss out.
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.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Now we can finally begin to estimate when this correction may end but so far Wave ii has not yet seen a Wave B.
In terms of alternation, we can see that Wave 2 between 2018 and 2020 had very small A-B-C-D and lengthy Wave E.
Wave ii may not be so much about alternating in terms of time but perhaps about alternation between the wave components within the corrective structures?
I suppose this suggests that Wave E may be the quickest and sharpest move compared to the others.
This may serve as a clue, but we won't know until we see Waves B-C-D unfold.
We may eventually see the formation of a cup and handle pattern at the highs, if so, this may suggest that low prices may not last that long.
Whatever the case may be, it appears as though time is limited and those that procrastinate will miss out.
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.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
