StrateLionInc

Elliot Wave Impulsive on GBPJPY

Long
FX:GBPJPY   British Pound / Japanese Yen
Guidelines
• Impulse wave subdivide into 5 waves. In this example, the impulse move is subdivided as 1, 2, 3, 4, 5in minor degree
• Wave 1, 3, and 5 subdivision are impulse. The subdivision in this case is ((i)), ((ii)), ((iii)), ((iv)), and ((v)) in minute degree.
• Wave 2 can’t retrace more than the beginning of wave 1
• Wave 3 can not be the shortest wave of the three impulse waves, namely wave 1, 3, and 5
• Wave 4 does not overlap with the price territory of wave 1
• Wave 5 needs to end with momentum divergence

Since we had indicated GBPJPY on having indicated us the difference It Regulates (Reversal) the next movements we begin with flat 3-3-5, but this boss was pushed back on having found a difference a Hidden Divergence in which he warned us that the market should continue to the rise, we bring in with sequence of 5-3-5 that of a zigzag, on having completed the above mentioned sequence of 5, we hope that the market should consolidate with 3 movements or a sideways should realize us of to and, after the above mentioned consolidation close with a hothead stronger than that of the beginning.
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