Elliott Waves pattern

Description of Bearish Elliott Waves

Starting point of given Elliott Wave pattern is on 120.083 on 23 Apr 2015 at 14:15 and price proceeded to 119.935 at 16:00 to form 1st wave. Then it went up to 120.037 at 16:30 to develop 2nd wave. 3rd wave was formed after price declined to 119.423 at 21:45 Bouncing back toward up developed 4th wave on 119.656 at 01:30 followed by another declivity to 119.436 at 03:45 that formed 5th wave.

Technical Analysis of Bearish Elliott – USDJPY – 24 Apr 2015 – 03:45 Table of Specifications Trading Pattern: Bearish Elliott Waves Predicted Trend Direction: Bullish Symbol: USDJPY (US Dollar Japans Yen) Entry Price: 119.528 Take Profits: 119.621 and 119.714 Take Profits (pips): 9 and 19… Read More »Shares and Stocks Technical Analysis with Elliott Wave Theory