Elliott wave Ripple analysis 28.11.2022

Corrective wave B, which is part of a potential zigzag A-B-C, has come to an end in the XRPUSD market. It consists of five main sub-waves [W]-[X]-[Y]-[X]-[Z]. Soon, a bearish wave C will begin to unfold as a 5-wave impulse [1]-[2]-[3]-[4]-[5]. The bears aim to reach the price level of 0.284. In the current situation, consider opening short trades.

Trading plan for XRPUSD today:

Sell 0.380,

Take profit: 0.284





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