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 will drop all i know is the drop is slower than the climb which tells me a lot. I also want to see if friday will continue a down trend. I think the trade will probably go thru the weekend
im just gonna set a price order to catch a piece of the spike
Im not sure this pattern will complete anymore. The previous elliot wave did and i think the rest was just retail long and shorts. Im closing my positions and going into a new analysis
steveb4088
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I believe the dollar is gaining strength because my EU short is gaining and my EJ short is gaining also
I believe what were looking at is dollar strength and yen/euro exhaustion. lets wait and see. the NY session may prove to be very interesting . dang wheres rrifsters barometer when you need it lol
steveb4088
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Currently trying to decide if this move up is theee move or just the divergence correction before we go lower....hmmm