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Dec 8, 2013 2:09 PM

$EURJPY - Extended Fifth Wave - i.e. Don't Fight the Abenomics 

FX:EURJPY1W
Euro Fx/Japanese YenFXCM

Description

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The extended fifth wave is a rarity on the market. According to Elliott Wave Principle only one of the waves one, three, or five, will be extended. However, in times of QE, more and more frequently we see derogation from that rule.


elliottwave.com/tutorial/Lesson2/2-2.htm
wavetimes.com/extended-fifth-wave-banknifty-index/
Comments
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Correction needs a strong dollar, but where to look for it ?
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