In my previous XLM update I pointed out a few things that suggest that we could be looking for a bottom.
When I say bottom I do not mean long term but rather we are looking for a 5-Wave Move.
If this is the start of that move price action appears to be moving accordingly.
The clues provided by the waves indicate that we a just retesting a break of the declining trendline.
I only pay attention to these trendline breaks when they coincide with the waves.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
When I say bottom I do not mean long term but rather we are looking for a 5-Wave Move.
If this is the start of that move price action appears to be moving accordingly.
The clues provided by the waves indicate that we a just retesting a break of the declining trendline.
I only pay attention to these trendline breaks when they coincide with the waves.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.