LumenMis à jour XLMUSD - prepare for the bear.......and then the bull?
A clear downward channel on XLMUSD with wave 3 breaking the line and I expect wave 4 to break in the opposite direction by the same amount.
I dont short XLMUSD as i only trade on Kraken but looking for a buy around the yearly S2 or a nudge higher on the 1.618 extension.
When you hear lots of good news about the virus then the bottom would have probably been in a few days already. News follows price!
I dont short XLMUSD as i only trade on Kraken but looking for a buy around the yearly S2 or a nudge higher on the 1.618 extension.
When you hear lots of good news about the virus then the bottom would have probably been in a few days already. News follows price!
Note
Going pretty much as expected, the price didn't go quite as high as i thought it may but it does point to a firmer wave 5 confluence target at that yearly S2 level (Orange line)Trade fermée: cible de profit atteinte
Finally reached my price target but took much longer than expected.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.