AW Stellar Lumens Analysis - The Waves Always Reveal Themselves.
If you thought that the current little move at small degree means XLM is going to the moon, think again.
The waves are slowly revealing themselves and similar to what Bitcoin is doing, this is just the beginning of a Wave 2 correction.
The Dow Jones hasn't topped yet so it makes sense that this will now go into a period of consolidation.
We may not see any meaningful move either way for weeks or months.
This is currently a trader's market, and you will notice I never gave the small degree short trade idea like I said I would.
That's because it wasn't clear enough yet.
Now there is a possibility for a short term move up after we see a minor Wave E down.
Check out the recent Bitcoin idea linked down below that closely resembles what we are seeing here.
If you are making investment decisions by simply using trend-lines then you are only at the beginning of the learning journey
Using trend-line breaks is kindergarten in the trading world. Good luck!
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
The waves are slowly revealing themselves and similar to what Bitcoin is doing, this is just the beginning of a Wave 2 correction.
The Dow Jones hasn't topped yet so it makes sense that this will now go into a period of consolidation.
We may not see any meaningful move either way for weeks or months.
This is currently a trader's market, and you will notice I never gave the small degree short trade idea like I said I would.
That's because it wasn't clear enough yet.
Now there is a possibility for a short term move up after we see a minor Wave E down.
Check out the recent Bitcoin idea linked down below that closely resembles what we are seeing here.
If you are making investment decisions by simply using trend-lines then you are only at the beginning of the learning journey
Using trend-line breaks is kindergarten in the trading world. Good luck!
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
