Viewer discretion advised: Some XLM bag holders may find my views disturbing, don't shoot the messenger.
In this video I produce some commentary on where XLM could fall back down towards.
I also go into some detail about the current Wave C which I believe is currently in a third-of-a-third wave.
If you have seen my recent updates on Oil, Dow Jones and the Euro you will understand how this is no different.
On the positive side, this could be the last move down before we see a bottom or lowest point within the correction.
If you believe that we are in Wave 2 overall, then it is not hard to see why this correction is a deep one.
This is why they refer to Wave 2's as a second chance to enter the market.
Whether or not you like the idea of this happening is completely irrelevant.
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 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.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
In this video I produce some commentary on where XLM could fall back down towards.
I also go into some detail about the current Wave C which I believe is currently in a third-of-a-third wave.
If you have seen my recent updates on Oil, Dow Jones and the Euro you will understand how this is no different.
On the positive side, this could be the last move down before we see a bottom or lowest point within the correction.
If you believe that we are in Wave 2 overall, then it is not hard to see why this correction is a deep one.
This is why they refer to Wave 2's as a second chance to enter the market.
Whether or not you like the idea of this happening is completely irrelevant.
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 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.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
