Divergence will get it part of the way there. I am weary about the c leg due to trumps speech being as awesome as it was. Investor confidence is up and everyone wants to get in low. UJ caught my sell order and now i gotta reel her in. i see this facing a lot of resistance on the way down. In a normal trade week i would expect this to form without any problems UJ...
Based on previous structure and exhaustion. RSI says turn around
head and shoulders pattern with abc correction This is two indications for my trade entry
just thought i would share the wolfe wave. im currently 30 pips into this and was kinda worried it wasnt gonna break thru the support at 23.8 but it did. Theres was a tiny wolfe wave formed at support but i didnt draw it in Hopefully the price will stick. I am currently risk free and hoping to make it to 1.06190 which i see more support stop loss is posted at...
USDJPY divergence If anyone is good with elliot wave and rsi divergence please comment. I believe this is known as reverse bullish. would appreciate some input Also found an elliot wave inside my other Elliot wave so since the first correction was pretty close to the mark i guess this one should be pretty close too. I dont pretend to know how long the dollar...
keep an eye on the news but this is my plan. Trump closed immigration on my last trade and that kinda messed up my last set up lol that was exactly the same as this one. so im just gonna be using this plan to enter and exit the trade i already have going.
Just what my current trade positions are and where i see them going. Dollar is way OP
Just keeping an eye on this one. could go either way but it seems to be leaning toward the upside holding near the middle line. GU is trading below atm so i expect it to go up. may take this trade if i close my UJ short For all you short time traders this one may be worth watching. just thought i would share something since i was to busy to post the uj short. GL traders
This is not investment advice. This is a very messy elliot wave and i expect the correction pattern to be nothing less. The #2 wave didnt follow the rules but leg 3-4 did. I believe the flag is more noise due to being so close to market close.