or why I’m sitting long like a grandpa fishing — and waiting for the final V to bite
Bro, if you ever tried to mark Elliott waves and didn’t quit after the third paragraph of Prechter — welcome to the club of sufferers who still believe in market structure. Today in focus — XMR (Monero), and here, as they say, there’s no room for scams and metrics. Here the triangle is completing its symphony, and I already hear the first violin from wave E. Hold on, V is on the way.
🔍 What do we have on the chart
The main timeframe is logarithmic, but as a self-respecting wave analyst, I calculate targets based on arithmetic. Yes, I know that logarithms have their own quirks, but Fibonacci doesn't like being thrown from floors.
Wave III is a clear impulse, just like music notes: 1-2-3-4-5, without improvisation. Just like a teacher at a thesis defense — strict, but fair.
Wave IV is a textbook triangle ABCDE. Even Prechter would like such a structure if he were in a trading Telegram.
And here it is, wave E — carefully crawling to completion. Yes, perhaps someone will say: "What if this is not E, but some sideways movement?" — I suggest such comrades reread the chapter on triangles. Slowly. With a pencil.
🎯 Where are we shooting
After the completion of wave E — the final wave V begins.
But not just V, but an ending diagonal, like in the best houses of London and Paris.
📌 Why a diagonal?
Because:
precedes it a triangle (wave IV),
overlaps between (1) and (4) are already visible in the structure,
impulses are not impressive in power — as if the market itself is tired and said: "let's just finish this, but without any hysteria."
📌 How did you calculate the targets?
Based on arithmetic Fibonacci levels from points A and the end of A of the triangle.
I set the third point based on the projection of the expected breakout of the upper boundary of the triangle.
Not based on logarithm. Because if you build Fibonacci on log — you might be building an illusion.
🧠 And then — zigzag, brother
After the completion of wave V (in the form of a wedge), I expect a pure A–B–C zigzag down. Why?
Wave A will begin with a breakout of the support of the wedge.
Wave B will be that "what if it goes up again?", which takes out the stops of the most believing.
Wave C is the final blow to those who are still long "for the future."
📌 And to completely finish the logic:
Wave A by itself is a five-wave structure.
B can be a triangle or a flat.
C is the finishing touch. Like: "Well, that's it, now it's definitely the bottom" (but it’s not).
💡 Conclusion, to avoid dragging it out
📍 Wave E is almost complete.
📍 I expect the final wave V — in the form of an ending diagonal.
📍 Targets are calculated based on arithmetic Fibo, everything is logical.
📍 Next — A–B–C zigzag, in which there will be meat and panic again.
📍 And me? I’m still sitting and marking. And let someone say "Elliott waves are subjective," but as long as they give me trades, I don’t care what they say about them on the internet.
If you are also marking, don't forget: we don't predict the market. We guess with good math and even better patience.
📉 XMR will still show who the real alpha is.
📐 Waves are in place. Targets are set. Entry — almost ready.
Waiting for the wedge. Then — down.
And don’t forget: "In a triangle, it’s not the one who is right that wins, but the one who hasn’t exited the position before wave E."
$xmr