7pasos

3rd wave still not complete

FX:GBPJPY   British Pound / Japanese Yen
164 0 1
Some times we can have doubts when counting the elliott waves , where a retracement had been part of one structure or another that is extendig.
One way to shed some light on this issue could be done by the comparing the size in price or time for the retracement.
In this chart we can find that the wave ii had been some what long in time and short in price if we compare it with the last correction since the 152 high.
Therefore the odds are greater for the last correction to 150.29 be a part of an extended iii             wave strucutre that still need to be completed before the wave iv start.
We can confirm this assumption by observing that the then posible waves 1)) and 4)) do not overlap inside the iii             , and thats why we can better prefer to count wave iii             as a wave that still is under develop and not finished (as could be noted in the gray color).
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out