I am very new to TA and have very little training but learning more each day! Can someone explain waves to me. I have this here showing what i think waves are but probably wrong. Tell me if you know what and how and how many to expect. Thanks for any help.
Hey @barrylaney, Here you have a possible wave count for the timeframe you're showing. Basically, for that timeframe there is a completed 5 impulse wave, followed by the corresponding ABC corrective waves, and then the new impulse wave count, in which XRP is now ending wave 4.
@barrylaney, You're welcome. Just remember that sometimes, waves are not that evident, and could lead to multiple interpretations (wave counts) for the same chart. this guide has helped me a lot elliottwave-forecast.com/elliott-wave-theory/
BUY AND HOLD!!!