bambule72

bambule72

Stellar Lumens BITTREX:XLMUSD finds itself sitting in a symmetrical triangle since its alltime high on january 3rd and its pattern low on march 18th. Let's conclude, for a valid symmetrical triangle pattern, we need to meet the following criteria: An established trend: In our case this one is bullish At least two lower highs and two higher lows, in order to...

bambule72

As we have hit Elliot Wave count 5 at around 11.8k, we are now in correction mode. I see a Elliot triple combo WXYXZ wave in progress with a target of around 8.4k as shown in the chart. Further indicator is a head & shoulder pattern with the same target area. Disclaimer: TA noob, no fincancial advise ;)

bambule72 Updated 

I see a inversed H&S formation building on the 4h. If we see a breakout, target should be around 11700. SL at 8300. Disclaimer: My fist published idea, also a newb to TA ;)