In this XLM price action update I now revert the count to another common pattern which is called a Type-1 Weak 5-Wave Move.
I still believe this is going much higher however the first leg up will likely take a little longer due to extreme bearish sentiment plaquing the markets lately.
These fractal patterns can change in their appearance but still point to one potential outcome.
At these prices it would be wise to accumulate because we may never see them this low again.
Always focus on the bigger picture.
These small degree moves just allow me to practice wave identification using AriasWave.
Check out the previous related ideas below.
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.
I still believe this is going much higher however the first leg up will likely take a little longer due to extreme bearish sentiment plaquing the markets lately.
These fractal patterns can change in their appearance but still point to one potential outcome.
At these prices it would be wise to accumulate because we may never see them this low again.
Always focus on the bigger picture.
These small degree moves just allow me to practice wave identification using AriasWave.
Check out the previous related ideas below.
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.
