Sunday, April 16, 2017

#AUDJPY 4 HR Elliott Wave Update

#AUDJPY 4 HR Elliott Wave Update


The 4 HR Elliott Wave Update is showing circle WXY down for the a wave of the larger B correction.  81.85 is a perfect to equal legs down for (W) and (Y) of circle Y.  81.40 would be to equal legs down for circle W and Y.  

Note that the RSI has been diverging for the last month with each new low in price.  A move above 82.89 would lead me to believe that the b wave up has started.

AUDJPY 4 HR Elliott Wave Count