【Dollar/Yen】Other factors besides Elliott Wave analysis / Elliott Wave analysis for Tuesday, May 5
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【USD/JPY】4-hour chart
After intervention, it gradually retraces and then plunges again
It is difficult to narrow down a scenario with Elliott Wave analysis, so for now it’s better to judge the moves using moving averages
A turning point where it returns to the 4-hour MA (gray) and whether it breaks upward
If it breaks, a rebound back to the daily MA (black) becomes visible
You can read any price movement!
You can master a high-precision Elliott Wave analysis method.
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