XMR/USD for NOV- DEC - Possible bearish and bullish pattern
For this graph, We use Elliott Impulse Wave (12345) with eclipse tools
We saw 3 big and small red candles and waiting for green candles
Our stronghold is $50 below to $45.
Verdict:
We open risk, Good buy at $51 - 50
Stop loss at $48 - $45
Expect for November and December with correction just focus on the graph and remove your emotions.
first target $57 - $60 - $70
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
#Trend Analysis
#Chart Patterns
#Wave Analysis
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