Elliott wave Ripple analysis 15.11.2022

The XRPUSD market is building a bearish impulse wave A, composed of sub-waves [1]-[2]-[3]-[4]-[5]. Impulse sub-waves [1] and [3] and correction [2] have been completed. Now the second correction is under construction [4]. It may soon come to an end, forming a zigzag (A)-(B)-(C), as shown in the chart. The second impulse wave (C) will end at 0.400, marked by the first impulse wave (A).

Trading plan for XRPUSD today:

Buy 0.373,

Take profit: 0.400.

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