Resistance Support Reversal and Elliott Wave

Hello!

This is Satori of FX Research.

Today I will deliver about “Regisapo (Support becomes Resistance) Reversal and Elliott Wave”

The figure below is a chart displaying a Regi-apo reversal indicator on the USD/JPY 1-hour chart.


http://livedoor.blogimg.jp/fxmt4indicator/imgs/7/f/7f24be85.gif

In the figure above, the wave satisfies the principles of Elliott Wave.


One of the principles of Elliott Wave is that “the low of Wave 4 does not fall below the high of Wave 1.”


The most recent USD/JPY has satisfied this principle.

Also, the principle that Wave 5 is the longest wave is satisfied.



Recognizing Elliott Waves by yourself is not easy, but if you compare the last two highs and replace with “the low of the previous peak does not fall below the high of the previous peak is a Regi-Sapo reversal,” you don’t need to be conscious of waves 1 or 4.

However, it will eventually invert somewhere, so I will present a case at another opportunity.



This is this video.

 
https://youtu.be/Ys-byQzSdVU