EUR/JPY H4 Update

Let’s violate one of the crucial rules of Elliott Wave Principle: wave 4 can’t overlapse wave 1 and see what will happen.

In leveraged markets this kind of overlapse can be acceptable by come Elliottisians, but here I would like to point out that rest of the waves create a very nice, regular impulsive pattern, just this middle of wave 3 is a little skewed. Alternative labeling  of this wave c would be an ABC to the downside but overall „look” of ths wave is clearly impulsive.

Nevertheless, let’s see where we can go with that.

Time will tell.


About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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