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silver0sk8
Oct 18, 2017 8:40 PM

Elliott wave relate to MA 

U.S. Dollar/Swiss FrancFXCM

Description

Found this today that i thought was interesting but not sure what you could do with it. An Elliott wave setup on 60m has its pullbacks hitting the 0.618 fib level in relation between the 89-MA and the previous higher-high. Not sure if it means anything not sure if anyone cares about the relationship between the Elliott and MA, just found it interesting.

Comment

Fascinating, it came down to bounce of that level before falling off the cliff. I guess that would be the A-B-C move of the Elliot wave. Very interesting pattern.
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