dojitrader
Short

Looking for a Zig Zag or a Triangle Short ???

FX:EURJPY   Euro / Japanese Yen
159 views
5
159 2
The guidelines of alternation in Elliott Wave would be indicating
the 4th wave probabilities are a zig zag or a triangle when the
2nd wave was a flat like the classic flat in this wave 2.
If I'm nuts, the risk is well defined as a wave 4 cannot enter the
price area of wave 1 = Low Risk with Big Potential.
.382 fib might be the area for the candlesticks to trigger an entry short.
Oct 26
Comment: Looks like something else is afoot already.
Maybe an extended 5th wave or possibly an
expanded flat. The basic count is still valid and
this may actually make the pattern a better trade
as it will lower the entry @ .382 fib closer to the
4th wave of lessor degree.
An answer awaits price action ~~~~~~~
Planning to TP on my long position at the .382. This coincides with this week's pivot as well.
Reply
dojitrader glennmercer
Seems to fit well and entering now 10am GMT
really lowers the risk against X
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out