Pretty straightforward with the Monthly Fibs.
We've got an Untested monthly level which also corresponds with .236 fib
This is going to be a monthly trade so could take 2 entry's
1. First touch retest of 1580 down to 1550 would be a safe play with a stop just below 1540 (First entry is already triggered following today's Price Action)
2. If 1540 doesn't hold...
Currently looking for one final leg down between 15.9 and 16.3
This appears to be a pretty decent risk reward play .I'll be looking to accumulate in 15.9 and 16.3
If we make a lower low on the weekly breaking the 15.7 level , I'll get stopped and re evaluate this at 15.1 or so.
Stoch RSI on the weekly seems overextended on the sell side. As of now long term...
I have zero to no knowledge about Elliot waves but would be pretty sick if this plays out.
It probably will as I have 7k as a high volume region on vpvr without all this Elliot wave stuff but if this were to play out exactly as I've drawn would be awesome.
Being Conservative on this one XLM is now in my buy zone.
I like laddered buys down to 0.091 if we get a move to those levels.
Pretty easy stop at around 0.088
Going Strictly off of Technical analysis here.A move downward seems to be the path of least resistance.
I would be looking at the following levels to take profit and potentially flip long(at 103 ).
114-116 region
100-103 region
Hey Folks so looking at a potential VWAP Gap fill and test of previously high volume region.
I am getting 3 to 1 odds on this long
Target is 3755 - 3805
Very Tight Stop-loss at 3526
