ElliotWaves - page 38

 

here is USDJPY

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indicators

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My first try for Elliot Wave analysis. Not a big one, but some pips they are. IMO, there is a good approach to take an osci (here OsMA) and harmonic patterns into account by they for-exe.com guys. The 5th wave has often a divergence and certain harmonic patterns appear often at certain wave forms. Pressed in channels we can wait for patterns and trendline break outs.

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channel_1.png  48 kb
 

The continuation from here: https://www.mql5.com/en/forum/183127/page231

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2016_11.png  53 kb
 

Sometimes you do it wrong against your first feeling, sorry. Now it goes a bit up.

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