A complete review of the popular Ripple currency in Elliott styl
According to the complete review I did on the previous rising trend, I came to the conclusion that this rise was done during a complete wave (ABC).
as a result :
We have to wait for the completion of a full 5 waves.
According to my research, we are now in wave 3 of decline.
Wave 3 itself is an extended wave and 5 waves, which has already completed 3 waves out of 5 waves and we are currently making wave 4 from wave 3.
This wave is erosive and with many fluctuations.
Wave 4 itself moves in the form of (ABC), which is currently being created as wave (A).
Make the most of the fluctuations of this wave.
Note: This trend is a trend (ND.A), so if you use Fibonacci, the safest level to take the price floor is 50%.
In this trend model, we see high volatility and large price shadows, so if you use 50% fibo, set your loss limit to 83%.
(be successful and profitable)
as a result :
We have to wait for the completion of a full 5 waves.
According to my research, we are now in wave 3 of decline.
Wave 3 itself is an extended wave and 5 waves, which has already completed 3 waves out of 5 waves and we are currently making wave 4 from wave 3.
This wave is erosive and with many fluctuations.
Wave 4 itself moves in the form of (ABC), which is currently being created as wave (A).
Make the most of the fluctuations of this wave.
Note: This trend is a trend (ND.A), so if you use Fibonacci, the safest level to take the price floor is 50%.
In this trend model, we see high volatility and large price shadows, so if you use 50% fibo, set your loss limit to 83%.
(be successful and profitable)