Thanks for your contribution. As a relatively new trader I greatly appreciate those with more experience sharing chats and opinions. Where I run into problems is that I don't know what the chat above is telling me. Is that an indicator of going down or up or ????? and what is XA and how does it correspondent to XRP?
Thanks for you help
M
UnknownUnicorn843992
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@msnelling, look up harmonic patterns Scott Carney came up with them. This is a bullish bat.
XA is an impulse move. Do not trade based on what you see or read, especially when you don't even know what the pattern itself is
msnelling
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@zahood97, Thank your for your explanation. There are a few patterns and indicators I use but as with anything the more I know the better I am prepared to make logical vs emotional trades. I am always interested in learning. TY for taking the time to explain and post your charts.
Mike
Thanks for you help
M