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!