It's been a while since I last posted a chart, so I thought I'd share with you a chart that I have been keeping my eye on with XLM!
I am not overly convinced of this exact Elliot Wave count, but there are a couple of things to note (IMO):
1. As specified here, I have labelled the end of the Y-wave as a truncated finish "e", which opens the door for the obvious "Leading Diagonal"!
2. While some may have an issue with the long-winded a,b,c,d,e - Y wave, I am also showing the Glenn Neely "Neutral Triangle" as a back-up to the idea that it may be possible!
3. The "Running Flat" is also identified here as well...which may lead to an explosive move coming soon!
***So to summarize these ideas, the truncated wave e of Y is bullish, which led into a choppy, surging leading diagonal in order to get out of the long-winded bottoming pattern, and now (potentially) finishing
a running flat, which is also bullish... as I add up some of these moves, it has some merit! Again, this is more of an idea that I have been watching.
As for a potential target, I am looking for a move to, at least, $2.80.
Cheers!
I am not overly convinced of this exact Elliot Wave count, but there are a couple of things to note (IMO):
1. As specified here, I have labelled the end of the Y-wave as a truncated finish "e", which opens the door for the obvious "Leading Diagonal"!
2. While some may have an issue with the long-winded a,b,c,d,e - Y wave, I am also showing the Glenn Neely "Neutral Triangle" as a back-up to the idea that it may be possible!
3. The "Running Flat" is also identified here as well...which may lead to an explosive move coming soon!
***So to summarize these ideas, the truncated wave e of Y is bullish, which led into a choppy, surging leading diagonal in order to get out of the long-winded bottoming pattern, and now (potentially) finishing
a running flat, which is also bullish... as I add up some of these moves, it has some merit! Again, this is more of an idea that I have been watching.
As for a potential target, I am looking for a move to, at least, $2.80.
Cheers!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.