Elliott wave Ripple analysis 25.11.2022

Corrective wave B, which is part of the potential A-B-C zigzag, has come to an end. It is composed of five main sub-waves [W]-[X]-[Y]-[X]-[Z]. Soon a bearish wave C may unfold as an impulse. The bears are trying to hit level 0.284. In the current situation, consider opening short trades.

Trading plan for XRPUSD today:

Sell 0.395,

Take profit: 0.284.

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