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Vostiothenjo
Apr 12, 2016 11:04 AM

Cad/Jpy sell setup Short

Canadian Dollar/Japanese YenFXCM

Description

The Major Wave 3 was a normal wave so we should expect an extended 5th wave. which would extend 100% of the move from start of Major wave 1 to the end of Major Wave 3
Comments
OdoFx
hello
i'd like to ask you if you have analyzed also main wave 4 in details ,please.
i tried it several times but still ending in first third... then i am not able to find combination of patterns :)
thanks

Vostiothenjo
Ok lets zoom in at main Wave 4 and see what information the charts are giving us. Loading...
OdoFx
much apprecaite your time and help. but unfortunately i dont see it in chart whn i zoom it
Vostiothenjo
No problem my brother.
Vostiothenjo
Vostiothenjo
We are in the initial stages of an extended wave 5 which will travel 100% of the move from start of wave 1 to end of wave 3. having your stops above end of corrective wave 4 and your take profit at 100% extension of this would be an excellent trade setup. It is this big trades that builds our accounts.
OdoFx
thanks a lot. you opened my eyes. i was still looking for ZZ's in descendending triangle :)
thanks once again!
OdoFx
ascending
Vostiothenjo
Cheerz we are here for u...
OdoFx
hello,
i'd like to ask you one question more please. is it possible the wave4 is developing into much more complex wave such as flat/any three (right now) / triangle.
f.e. smilar to this? elliottwave.net/educational/basictenets/basics_images/fig_20.gif
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