Andre_Cardoso
Panjang

Elliot vs Scott // IF=THEN ®

FX:USDJPY   Dolar U.S/ Yen Jepun
FX:USDJPY

Bullish breakout version after 72 days of "consolidation" between Weekly Support W1 and Daily resistance D1

Basic Elliot impulse with 5 waves:

iMPULSE LEG:


Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains;
Can never exceed the start of wave 1);

wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave);

wave 4 = 38.2% of wave 3 (can never overlap wave 1 );

wave 5 = wave 1

CORRECTiON:


Wave A = usually around the 50%/61.8% of wave 5

Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A

Wave C = Wave A ( AB=CD ) *
161% ext Wave A
262% ext Wave A


Cyphers:
CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD

Safe trades;

Komen

Hi Trading_Jazz! Really great analysis. Let me ask you a question... When you say 38.2% to 61.8% XA you mean that the price cannot tauch the 61.8% or cannot close beyond the 68.8%?
Thanks!
+1 Balas
Andre_Cardoso trading97
Nice question ;) the correct way is the closing price, however, since this patterns are synced with elliot waves, we are looking for "zones" where the price tends to revert, sup&res levels, there's situations where you can find an entry signal above or below those ratios, like and rsi divergence that you were not able to find when completed the pattern. I Always look left ;) search for previous structure. If you have a pattern to complete 10 pips below a resistance, why not to go test it and sell it there ;)
+1 Balas
Beautiful!
Balas
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Harga Rujuk rakan Peraturan Dalaman Pusat Bantuan Laman web dan Penyelesaian Broker Widget Penyelesaian Pencartaan Perpustakaan Pencartaan yang Ringan Blog & Berita Twitter
Profil Tetapan Profil Akaun dan Pengebilan Kawan-kawan yang dirujuk Coin Tiket Sokongan Saya Pusat Bantuan Idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Sembang Daftar Keluar