Elliott wave Ripple analysis 18.11.2022

The XRPUSD market continues to build down wave A, which serves as the first part of a potential A-B-C zigzag. Wave A is similar to an impulse, which is now developing a corrective sub-wave [4] inside. Correction [4] will be completed soon. It looks like a standard zigzag (A)-(B)-(C), where (C) is the ending diagonal 1-2-3-4-5. Soon, the price will rise within sub-wave 5 towards the level of 0.400. This high is marked by an impulse (A).

Trading plan for XRPUSD today:

Buy 0.380,

Take profit: 0.400.

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