Elliot Wave Truncation - Failed 5th Wave Short

NZD/JPYOANDA

Description

⋅ Jan 27, 2020 3:15 AM

- Elliott used the word “failure” to describe a situation in which the fifth wave does not move beyond the end of the third.
- Truncation gives warning of underlying weakness or strength in the market.
- Beginning of a new trend to the down side ?

Wave Analysis NZDJPY