XLM - Stellar - Update - The Clues Are In The Waves
In this video I adjust the count by taking into consideration a few things.
When dealing with fractal patterns it is easy to mislabel waves but as the correction progresses you begin to get clarity.
When you love waves it's fun and exciting because waves are really like puzzles.
You find the waves that fit the criteria and you make an assumption by labeling but at the same time you understand what could change that assumption if it were to occur.
Here we have a classic example of that.
We have already established that we have a complete Wave (B).
So now we are looking for the bullish 1 - 2 pattern to be complete which helps us determine how much time there is left to accumulate more XLM.
The briefcases and rockets will be making a comeback soon, we like to have fun right?
Check out some previous XLM videos ideas linked below.
Each video idea builds on the previous video as I use AriasWave to find out the exact pattern in XLMUSD.
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[b/] instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
When dealing with fractal patterns it is easy to mislabel waves but as the correction progresses you begin to get clarity.
When you love waves it's fun and exciting because waves are really like puzzles.
You find the waves that fit the criteria and you make an assumption by labeling but at the same time you understand what could change that assumption if it were to occur.
Here we have a classic example of that.
We have already established that we have a complete Wave (B).
So now we are looking for the bullish 1 - 2 pattern to be complete which helps us determine how much time there is left to accumulate more XLM.
The briefcases and rockets will be making a comeback soon, we like to have fun right?
Check out some previous XLM videos ideas linked below.
Each video idea builds on the previous video as I use AriasWave to find out the exact pattern in XLMUSD.
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[b/] instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.