Elliot vs Scott // IF=THEN ®

FX:USDJPY   US-Dollar / Japanischer Yen

Bullish breakout version after 72 days of "consolidation" between Weekly Support W1 and Daily resistance D1

Basic Elliot impulse with 5 waves:


Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains;
Can never exceed the start of wave 1);

wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave);

wave 4 = 38.2% of wave 3 (can never overlap wave 1 );

wave 5 = wave 1


Wave A = usually around the 50%/61.8% of wave 5

Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A

Wave C = Wave A ( AB=CD ) *
161% ext Wave A
262% ext Wave A

Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
TP1 38.2% CD
TP2 61.8% CD

Safe trades;


Hi Trading_Jazz! Really great analysis. Let me ask you a question... When you say 38.2% to 61.8% XA you mean that the price cannot tauch the 61.8% or cannot close beyond the 68.8%?
+1 Antworten
Nice question ;) the correct way is the closing price, however, since this patterns are synced with elliot waves, we are looking for "zones" where the price tends to revert, sup&res levels, there's situations where you can find an entry signal above or below those ratios, like and rsi divergence that you were not able to find when completed the pattern. I Always look left ;) search for previous structure. If you have a pattern to complete 10 pips below a resistance, why not to go test it and sell it there ;)
+1 Antworten
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Einen Freund empfehlen Hausregeln Hilfe Center Webseite & Brokerlösungen Widgets Charting Lösungen Lightweight Charting Library Blog & News Twitter
Profil Profileinstellungen Konto und Abrechnung Einen Freund empfehlen Meine Support Tickets Hilfe Center Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden