I had blogged earlier regarding the alternation between the wave 2 and 4 for XMR. The expanded flat is coming to play pretty nicely. I believe the MACD shows oversold conditions and the c wave is almost in, if not already. A turn should happen anytime to complete the wave 5.
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Hi Haejin, i think it's great how you keep following up. Your posts have been helpfull to improve my trading and i follow you on a daily basis.
I got a question on the XMR graph you posted above:
-wave b as a corrective wave turns up to be higher then wave 3 top. I marked the white V top as III, the red a as IV, setting your red b as white V / 3.
off course, only because i thought corrective waves should/ have to be lower than an upward wave. Looking forward to your feedback.
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An expanded flat has Wave b higher than prior uptrend Wave and c is lower than a
These expanded flats are rare in stocks but I'm seeing a lot of them in cryptos
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