hey everyone!
I hope everyone is doing well :)
MY idea on XRP/USD is that it MAY do a downward pointing triangle pattern to complete the correction it is currently in. IT could be done with just an ABC correction but I feel as if and ABCDE may better suit this correction. I mapped out the old Elliott wave impulse in WHITE numbers. As you can see it stayed in the trend until it finished its mission... getting the wave 5.
Now the correction is taking place and as an elliotician the best thing to do is create multiple scenerios and if something happens you will not be surprised because you knew it was a possibility already.
SO, getting back to the correction if I am right it will be a ABCDE ( ORANGE) and this will take the prices to around the FIB .618 ratio which also lines up right at prior wave 4... This is no accident. Everything works together.
After its done correcting we should see some bullish price actions!
Please do not forget to like and follow.
Lets see what happens TMW!
I hope everyone is doing well :)
MY idea on XRP/USD is that it MAY do a downward pointing triangle pattern to complete the correction it is currently in. IT could be done with just an ABC correction but I feel as if and ABCDE may better suit this correction. I mapped out the old Elliott wave impulse in WHITE numbers. As you can see it stayed in the trend until it finished its mission... getting the wave 5.
Now the correction is taking place and as an elliotician the best thing to do is create multiple scenerios and if something happens you will not be surprised because you knew it was a possibility already.
SO, getting back to the correction if I am right it will be a ABCDE ( ORANGE) and this will take the prices to around the FIB .618 ratio which also lines up right at prior wave 4... This is no accident. Everything works together.
After its done correcting we should see some bullish price actions!
Please do not forget to like and follow.
Lets see what happens TMW!
Comment:
Click The Picture to go to the full view and read the description to understand exactly whats going on with XRP
You can check it out here
Its an updated look at XRP that seems to be working pretty well.
Let me know what you think!