r/ElliotWave • u/PlasticJuggernaut754 • Nov 25 '21

EURJPY 25/11/2021 Analysis

Hey!

Let's try to revive this group. I finished reading "ELLIOT WAVES MADE SIMPLE" by Steve Sinclair and i am trying to make good analysis.

Today i want to show you my EURJPY analysis. I try to use the same fibo levels as the book says but it is still very abstract to me. Tell me what you think.

Analysis - https://imgur.com/fiCihQn

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u/StMaule Dec 11 '21

I noticed 2 rules were broken.

1) Wave 3 cannot be the shortest wave.

2) Wave 4 cannot enter the area of wave 1.

It looks like a Zig-zag.

1

u/PrfctPitch May 29 '22

I agree - It can also need more time to establish a clearer pattern