XLM doing vanilla Elliott Wave
Price action gives us 5 clear waves to the upside in an impulsive movement. Correction looks like a traditional zigzag, with most probable target at 0.0802-3, which is a confluence of:
- 50% pullback
- 161.8% ABC extension
- Wave IV from the upside
- Important support/resistance zone from the upside
- 50% pullback
- 161.8% ABC extension
- Wave IV from the upside
- Important support/resistance zone from the upside
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