Elliott wave Ripple analysis 22.11.2021

The XRPUSD market is developing the large linking wave (X) as a contracting triangle A-B-C-D-E. The first three legs of the triangle should have completed, and there is developing the fourth sub-wave of the pattern, the down wave D, as a double zigzag [W]-[X]-[Y]. The motive wave [Y] should conclude the D wave. The (C) should soon conclude the [Y] wave. When the (C) wave completes, the market should start rising in the final wave E to a level above 1.085, marked by correction (B).

Trading plan for XRPUSD today:

Buy 1.036, TP 1.085

LiteForex: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (22 November 2021) | LiteForex
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