Elliott wave Ripple analysis 15.06.2023

The upward wave Y has been completed. Thus, the most recent chart section displays the formation of the initial part of the bearish linking wave X, which can take the shape of a standard zigzag [A]-[B]-[C]. The first impulse wave [A], consisting of sub-waves (1)-(2)-(3)-(4)-(5), is expected to end near the level of 0.421.

Trading plan for XRPUSD today:

Sell 0.482,

Take profit: 0.421.

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