<center>![](https://steemitimages.com/DQmQK4McrgQrRtfJ1EqYHY2SKK4h43qbTeQrQY1uNdf5HrY/image.png)</center>
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**SUMMARY**

Monero (XMR) is currently 9th in market cap and has come quite a way since my $39 to $46 range recommendation and analysis during late Summer of 2017 where since price rose to 1,321% profit levels. After such a monstrous rise and an impulse five wave up; a requisite correction is in progress. The below chart shows what is a probable triple threes price pathway; though, yes; it can morph into any combination of 36 possibilities. The key during a correction is not to trade the ups and downs but identify the terminal end to gauge the casting of a buy ladder. The laddering technique is thoroughly covered with examples in my tutorials.
![](https://steemitimages.com/DQmNjykNaNQEyTi36iR3MwGQCLhb5PV9oMZv4UqcPBRHR8r/image.png)

Here is a more full composition of subwaves and the likely playout of the yellow Z wave. Each of wxyxz is composed of an abc (zigzag or flat). The Z could also potentially become an abcde triangle. Again, the key is to identify the terminal end of this corrective pattern because that is usually the most ideal time to buy. For now, Z is probably a zigzag of 5,3,5 subwaves.
![](https://steemitimages.com/DQmWykDCNGBYfUz3fiWehmMgcVJCXHaz5pWr9pLmVX4y18f/image.png)


**Legal Disclaimer**: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

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