XVG finished it's first wave at almost 1600 and now is correcting in the form of a flag to continue it's 3rd elliot wave.
From the looks of the flag the pattern should continue in less than 24 hours. Here you can see the flag formation that is taking place, flags are usually bullish correction and it is likely to jump to new heights following our elliot wave outline.
This is a continuation from yesterdays post before the first wave.
https://steemit.com/xvg/@viguro/xvg-looking-ready-to-explode-100
To the mooooon
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I sold all my verge on spike and buy back an hour later on its first correction flag at $.201 and I made some profit.
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Your wave 1 of the pattern should consist of 5 subways, however, look at that wide High/Low spike in the middle. The lowest low of this spike almost drops to your 0, so it cannot be a subwave 4 of your first wave because it will be lower than subwave 2. And the highest high of this spike can't be your subwave 1, because it will be higher than subwave 3. And in both cases this contradicts with the Elliot wave principal.
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hmm you're right, perhaps looking at a smaller time frame can justify it, I will look into it now
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https://imgur.com/a/hWtzw
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