Elliott Count XLMUSD

As we currently sit on the weekly time frame, we show a wave 2 in dark green with the potential to bring us to .09 as our short term bear count. Currently we would in our red C wave to complete our dark green 2. Time wise a 1 to 1 parity would bring us to July of next year. Alternative Bull count would be our light green 1 and 2 with 2 being an expanded flat, thus needing some buying pressure to bring us into a light green wave 3 to .87 with the potential to break our ATH at .93.

All Elliott rules are intact.
Chart PatternsTechnical IndicatorsWave Analysis

Declinazione di responsabilità