Trading_Jazz
Short

(1h) Butterfly vs Elliott default impulse ratios // IF=THEN ®

FX:NZDJPY   New Zealand Dollar/Japanese Yen
FX:NZDJPY            

iMPULSE LEG:

Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains;
Can never exceed the start of wave 1);
wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave);
wave 4 = 38.2% of wave 3 (can never overlap wave 1 );
wave 5 = wave 1

CORRECTiON:

Wave A = usually around the 50%/61.8% of wave 5
Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A
Wave C = Wave A ( AB=CD )
161% ext Wave A
262% ext Wave A

BUTTERFLY
Point B:
78.6% XA (not filled) *
Point C:
38.2% AB
88.6% AB
Point D
161% ext BC            
261% ext BC            
Targets:
TP1 61.8% CD
TP2 127% CD

Safe Trades;
https://open.spotify.com/track/5JOO8UMaEpOfhhatQQsAqm
im on sell hope will drop :)
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