strictly

XRP: 12 Hour Elliot Wave

BITSTAMP:XRPUSD   XRP / U.S. Dollar
Corrections can be very tough! Often times they end quicker than you think, and other times they run much longer than you think!

Well, as for this correction, I applied Elliot Wave here, and this count deserves some respect! To me, this count makes the most sense...

I also have added my modified fib time zones, and I'm expecting some bottoming near the first week of December.

$0.263 is tough for XRP, eh?

Cheers!

Comments

Hello! if you sign as blue ((a))-((b))-((c)), why is this a first impulse wave? impulses cannot consist of three-wave moves
Reply
@Raph, That is correct, but I am anticipating a possible leading diagonal, which could consist of 3-wave moves.
Reply
if break above 26, bulls win.
Reply
strictly kisacafb
@kisacafb, Yes. Price needs to break thru the upper channel line decisively! Cheers bud!
Reply
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