ElliottWavePatterns

EURJPY by ELLIOTT WAVE PATTERNS

Long
OANDA:EURJPY   Euro / Japanese Yen
A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated
with decreasing volume and volatility . The triangle pattern contains five overlapping waves that subdivide
3-3-3-3-3 and are labeled A-B-C-D-E . A triangle is delineated by connecting the termination points of
waves A and C, and B and D. Wave E can undershoot or overshoot the A-C line, and in fact, our experience
tells us that it happens more often than not.

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