Elliott wave Ripple analysis 08.05.2023

The actionary wave [W] will take the shape of the zigzag (A)-(B)-(C). The last impulse wave (C) is currently unfolding. After sideways correction 4 took the double-three shape, the market began to decline in impulse wave 5. A sub-wave [5] is required to complete this impulse. Soon the price will decrease in sub-waves (3)-(4)-(5) to 0.411. At this level, 5 of (C) will be 76.4% of 3 of (C).

Trading plan for XRPUSD today:

Sell 0.433,

Take profit: 0.411

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.