USDJPY Elliot Wave Analysis - Moving Into Corrective Structure

FX:USDJPY   U.S. Dollar / Japanese Yen
Waves ii and iv are zones of price consolidation that can be revealed/confirmed by the FRPV indicator. In my previous chart, I failed to mention distributive options for wave v, that being a truncated fifth wave ending at the 1.618 fix level due to exhausted selling pressure (a failed perception of the market created by my own bias), what we see is a full-wave fave extending to the 200% level of the fib retracement. Volume indicates that bulls are losing steam.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out