Stellar Lumen (XLM) has Likely Completed the Correction with a Bull Wick

SUMMARY

Stellar Lumen (XLM) has been processing a three month long correction that took the shape of a downward pointing symmetrical triangle. Elliott Waves show that the correction could have completed with a bull wick event. Price has thus far breached the upper white line and we'll need to see a couple rounds of an impulse move up.

Closer examination of subwaves show that the first round of impulse motive might be near complete. This would be followed by an abc or another type of correction so that the second round of impulse could be initiated. The top alternate calls for a bounce and more sideways price action.

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