Elliott wave Ripple analysis 17.02.2023

Bearish corrective wave [B] is unfolding as a triple zigzag (W)-(X)-(Y)-(XX)-(Z), within which the first three sub-waves (W)-(X)-(Y) have been completed. Shortly expect the development of the second linking wave (XX). It is expected to end at the level 0.406 as a double zigzag W-X-Y. Earlier, sub-wave X has been completed at the beforementioned level. After reaching the specified level, the market may reverse and start moving down.

Trading plan for XRPUSD today:

Buy 0.385,

Take profit: 0.406.

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