Hammers

Possible Top for Aussie

FX:AUDJPY   Australian Dollar/Japanese Yen
36 1 0
If my EW are right, then we could be in wave 5. i'm not an expert at EW but this is what i see :)
dojitrader
2 years ago
Submitted for your comments, questions, criticisms ------
Seeing your chart his morning really got me rethinking
(the complexity is driving me NUTS !!!!!) my
anticipation of wave 4 ending. When I saw your red 1-2-3-4
I realized that they were overlapping and had to be an X or B wave
The reason for that is the inviolable Elliott Wave rule that wave 4
can never enter the price range of wave 1. {{ending or leading
diagonals are the exception}} What that rule tells you
is that you're dealing with corrective behavior and not impulsive moves.
The 5 violet waves are correct but within the context of an A and C wave.
As I try to put it all together it looks like we might see a large A-B-C flat
and we are just entering the last C wave to the end of wave 4 and hopefully
a great entry for the final wave 5 up.
Well,thanks for posting the chart it really got my juices flowing as i had
mostly given up on this pair for now. The blue count and purple/green
waves are possibilities I'll be watching and, of course, something
completely different will probably evolve by the end around the
95.40/60 area.
Wishing you lots of pips in 2014 ~~~~ !!!!
snapshot
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