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NEM

False breakouts.

By orminlange
Updated
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).
Comment
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
Comment
After rethinking of elliot waves forming here, last 5th wave can be small, especially after so huge wave 3rd:

snapshot

So the possibility of deeper correction is ahead of XEM.
Chart Patternsxemusd
orminlange

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