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XMR (MONERO): Analysis: Is the Correction Over? by hahajin

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· @hahajin ·
XMR (MONERO): Analysis: Is the Correction Over?
**SUMMARY**

Still, there is a scenario for a one more slightly lower low if price wanted closer proximity to the Apex. To this end, I wanted to share some attributes of the September 2017 correction and how it could have some fractal influences to this current recovery.  Still, there is a scenario for a one more slightly lower low if price wanted closer proximity to the Apex. 

IF price goes below the upper white trendline and stays there, then we have a different scenario and analysis will be updated.
<center><img src='https://s17.postimg.org/m4r0womjz/Screen_Shot_2018-03-06_at_11.20.41.png'></center>
***
 The red ABC waves have been labeled and the subwaves fall well into place.  The breach occurred and thus far remains decisive.

 The early recovery of the September correction also looked very corrective in that it seemed very three wavish.
<center><img src='https://s17.postimg.org/lf88kajfj/Screen_Shot_2018-03-06_at_11.11.20.png'></center>
***

**Legal Disclaimer**: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
<center><img src="https://steemit-production-imageproxy-upload.s3.amazonaws.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV"></center><center><img src="https://steemit-production-imageproxy-web.s3.amazonaws.com/U5dt8BFauhjGURqh8Rn38guHXV9gmrZ"></center>
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