False breakouts.

Chance that next breakout will be succesful are always higher than prevois breakout. I hope that last bearish will be not fulfiled and XEM will build fast "five" (5th wave).

Kommentera:

It looks like this time bearish move from last formation is valid, so the corrective wave can do minimum 0.35 or even 0.3

Kommentera:

After rethinking of elliot waves forming here, last 5th wave can be small, especially after so huge wave 3rd:

So the possibility of deeper correction is ahead of XEM.