Major trend: Uptrend
Minor trend: Downtrend or sideway
Note:
Monitor the completion of wave IV.
If the price break below the triangle, consider wave ‘e’ failed and need to recount. Probably the new pattern is expanded flat and final wave is wave C of Wave IV which consist of 5 minor waves.
This is my EW counting and maybe wrong. No trade recommendation. Please do your own analysis.
Minor trend: Downtrend or sideway
Note:
Monitor the completion of wave IV.
If the price break below the triangle, consider wave ‘e’ failed and need to recount. Probably the new pattern is expanded flat and final wave is wave C of Wave IV which consist of 5 minor waves.
This is my EW counting and maybe wrong. No trade recommendation. Please do your own analysis.
Note
XRPUSD broke the triangle, the triangle is no longer valid. Need to redo the EW counting. Wave C is below the triangle. Wave 'e' no longer applicable.
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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.
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.