XLM.usd Bounced and Topped EXACTLY as expected, now re-Buy zones

Followup to Last Analysis and 4 cent call (click).

Stellar bounced and topped EXACTLY as expected.
It had topped and was waiting for the King to move.
Now we have a market wide correction under way.

Per my analysis of the waves, looks like we have finished wave 3.
Now we look to follow wave 4 down for another round of longs.
Plotted are two possible paths, darker Blue being the ideal one.

See my previous analysis mapping the bottom:

Commento:

( ( PING ) )

Got a very clean Ping exactly where hoped

Lets see if we cant get a wave 5 going here

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Commento:

New Plot:

I have posted a smaller timeframe chart here

Commento:

Methodically marching out Wave 5

Wave 4 bounced between my two zones, but not from thin air

The green 2.236 was a bit of a surprise bounce.
2.236's are normally not this strong.
Usually the big brother 2.618 gets all the glory.
So that was a rather bullish bounce,
but not as strong as a 2.618 bounce would have been.

.

Zoom IN on the last leg up and adding a fib

Looks to be a good fit.
Numerous pings on the levels even if later pierced.
Initial wave ended at 5.236, a common EndPoint.

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Zoom OUT a bit with above fib included, and possible EW structure for our proposed wave 5

Puts us a bit shy of the original target, unless this subwave 5 extends quite a bit .
Blue 7.236 near the bottom of our target zones still makes the target a good possiblity.

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SUMMARY
- Wave 5 is well underway, Currently in a "wave 5 of 5"
- Original target may prove too optimistic but still quite viable.


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