What I see as choices for XRPUSD associated price action
Just looking at two choices based on one particular 4H candle and how the associated price action at this level is moving correctively. We have a large inside range of 9,000 points with market movement contracting, which I believe is the pause (price equilibrium, base, side-ways movement, consolidation) before it springs (higher probability) into the desired action. It is a pretty simple picture at this level with what is happening. If you change over to HA (Heiken Ashi candles) you can see what is happening based purely on the trend/momentum. *Note - Each HA candle is formed by the two previous candles data AND each new candle opens up at the 50% level of the preceding candle's associated price action.
For my EW (Elliott Wave) folks, look at the wave count from the Daily and then the Weekly level.
*Note - Bottom grey extended box is a 4H demand zone, indecision to decision (spinning top then IC candle). The top thrusting boundary area is a larger TF supply zone with market movement testing the boundary of that zone and the outer edge of that zone. This is a "zone within a zone" upper area.
For my EW (Elliott Wave) folks, look at the wave count from the Daily and then the Weekly level.
*Note - Bottom grey extended box is a 4H demand zone, indecision to decision (spinning top then IC candle). The top thrusting boundary area is a larger TF supply zone with market movement testing the boundary of that zone and the outer edge of that zone. This is a "zone within a zone" upper area.
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