skai

Down Elliot coming to an end?

FX:USDJPY   U.S. Dollar/Japanese Yen
247 0 0
This seems like a reasonable Elliot sequence. USDJPY             has reached it's point 5 which indicates that this down elliot is now over. After point 5 price action rallied to 0-4 line, but retreated. A normal correction for the pattern though.
Now price is sideways but going up probably.
I would buy USDJPY             as soon as 0-4 line is broken upwards. Usually 0-4 line breach is followed by a strong wave, and that is what I am waiting for.
I am neutral now, but monitoring price action nearby 0-4 line.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out