TradingView
victormcastanonc
Nov 8, 2017 1:29 PM

USDJPY 1D Elliot, Rectangle, S&R, SHORT TP 108.00 Short

USD/JPYOANDA

Description

USDJPY 1D Elliot, Rectangle, S&R, SHORT Big correction from my previous analysis, price broke the trend line i draw but still inside a Rectangle, due to this i think the original setup was wrong since i considered wave "4" as a descending triangle, now i change my view an consider it as a COMBINATION in this case as a "W-X-Y" the way i see, the final outcome doesn't change, i think the price got to the end of waves "c" and "X" and now is moving down to wave "(a)" of wave "Y" around TP 108.00
Previous view
Comments
cvtsqu
Hi! Thanks for the analysis!
victormcastanonc
@cvtsqu, I'm glad you liked it
plurjoz
Keep up the good work victormcastanonc!
victormcastanonc
@plurjoz, Thanks, i'm glad you liked it
smiths14
@victormcastanonc, beautiful analysis
More