Using our more normal DP and Intermediate degree Elliott Waves, we had support at the DP.
The GBPJPY then rallied strongly off that low. But did you all notice in the post below that I included the Typical Wave 3 WPT on the major degree ? Well that was to show how this major Wave 3 rally “sub divided” into 5 waves. This is classic Elliott Wave.
A nice +4R Profit (ignoring slippage and commission) was available as the minimum Wave 5 WPT was reached.
Steve
The GBPJPY then rallied strongly off that low. But did you all notice in the post below that I included the Typical Wave 3 WPT on the major degree ? Well that was to show how this major Wave 3 rally “sub divided” into 5 waves. This is classic Elliott Wave.
A nice +4R Profit (ignoring slippage and commission) was available as the minimum Wave 5 WPT was reached.
Steve
