USDJPY - Long

The price is arrived on strong support area
RSI are in overbougth
COT increase of long position

Could be a potential false break out of support trend then restart of first long Leg.

İşlem aktif:

Sorry ... RSI In Oversold!! :)

İşlem kapandı: hedefe ulaştı:

T1 Close

İşlem aktif:

break of support ... true for short continuation or false for a long impulse? ..

Yorum:

Yorum:

as usually there is a market manipulation near big support/resistence area .. could be a false break .. how many bear will be traped on it? .. we will see in the next time if is it correct or no.

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T2 take

Yorum:

As aspected the price created a false break down and is started the first long leg.
I think this first leg is finisched (or almost) and probably will start a short 2 wave ... that ca be flat or rebound 0,38/0,61% of first leg.
Then, the price should restart long to create the 3Elliott wave ...
remain still valid my previusly target as in the previus analisys

İşlem kapandı: hedefe ulaştı:

T3 take

İşlem aktif:

Start the impulse long for a proably final wave