Elliott wave Ripple analysis

20 дек. 2021 г.

The XRPUSD market is forming a descending motive wave (Y) as a simple zigzag, with the first impulse wave A completed and the upward corrective wave B developing as a double zigzag [W]-[X]-[Y] inside. All sub-waves of this double zigzag must be also double zigzags of a smaller degree. The final motive wave [Y] will be concluded by the (Y) wave at a level of 0.966, where correction B will be 50% of the A impulse.

Trading plan for XRPUSD today:
Buy 0.891, TP 0.966