USDJPY 30-minute chart ascending trend Elliott wave

Hello!

I’m the navigator of FX research.

As the week starts, USD/JPY has turned positive, hasn’t it?



The figure above shows the USDJPY 30-minute Elliott wave as of September 11, 2017.

It satisfies the condition that “the low of the fourth wave does not go below the high of the first wave.”

By the way, “MT4 Non-repainting Arrows and Mail Alert N-Entry Indicator,” when the above Elliott wave conditions are met, during an uptrend it automatically draws blue dotted lines and notifies via email alert.

During a downtrend, it uses red dotted lines and email alerts.





The figure above shows the retracement of the second wave against the rise of the first wave.

There was a 50% pullback, but it did not fall to 61.8% and then reversed.







The figure above shows the retracement of the fourth wave against the rise of the third wave.

There was a 38.2% pullback, but it reversed from there and formed the fifth wave.


When the market is strong, pullbacks are shallow, aren’t they?