hehe

$USDJPY - ENDING DIAGONAL

FX:USDJPY   U.S. Dollar/Japanese Yen
1478 7 7
In my opinion - after the end of the third wave and correction - we'll see a continuation of growth on this pair. Is Japan will win the currency war - chart for now it confirms.
Anand Shah
3 years ago
problem with this analysis is that your red 'diagonal' is not taking the form of a triangle so how can it be a diagonal? if anything it looks more like a channel .. if this is the case and we assume your labelling is correct .. the 5th (orange numbering) of 5th (green) the 3rd (blue) wave in this channel could be huge .. and possible result in an 'overthrow' of the upper channel ... which would mean your corrrection could take place a lot higher up than where your dotted line suggests? also do you not use fibonacci to map out possible levels?
Reply
hehe Anand Shah
3 years ago
....just because you can't see it, doesn't mean it isn't there.
Reply
Anand Shah hehe
3 years ago
dude .. a diagonal by definition needs to have an apex ... i see your lines slightly angle towards each other but at those angles the apex would be at usdjpy 300 .. put simply i dont think anyone would think its a diagonal!

perhaps some sort of wedge or just a channel ..

do you do alternate counts?
Reply
hehe Anand Shah
3 years ago
...hombre - theory and practice are two different things.
Reply
Anand Shah hehe
3 years ago
you making money with your stuff?
Reply
7pasos
3 years ago
I do not have a ending diagonal upthere but the problem do not seem the shape to me. If you are right we should see a fast drop. Good look
Reply
hehe 7pasos
3 years ago
..grax amigo ;) ...pero sabes - Who does not feel Elliott, never understand Prechter ;).
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out