Elliott Wave Training

Are you looking to learn the Elliott Wave principle? Or maybe you already have some experience and want to find the ways to improve your skills better.

Click on this post for details:

http://wavepatterntraders.blogspot.com/2012/04/elliott-wave-training.html



Saturday, November 29, 2014

Elliott Wave Analysis of USDJPY

Update to this chart i posted on StockTwits: http://stocktwits.com/message/29564320

Wave [iv] took on a slightly different pattern, but it held nicely above 117.00, I am still looking for a new high towards 119+ to complete what I believe is a 5 wave advance from the Oct 15th lows.

The RSI is showing some heavy divergence, which fits in with the idea of a 5th wave.

The trend from Oct 15th is getting stretched and i suspect its close to a significant reversal, initial targets are back to the 115 area.