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    • TheArcher replied Dec 27, 2009

      Hi! Larseg i hope u see it as wave 1 (from the bottom of the channel to the top ) wave 2 (the retracement ) wave 3 ( hope the current one stretches out breaking the resistance .... supposed to the longest in the EW count ) but of course , the 3rd ...

      USD/JPY Discussion
    • TheArcher replied Dec 24, 2009

      my thoughts : 92.247 represents 3% break away from the upper down channel ... also it is the immediate resistance ... if the HL, HH is forming breaking the immediate resistance , then elliot count 1,2, and then 3? ... will it materialise? if it ...

      USD/JPY Discussion
    • TheArcher replied Dec 21, 2009

      on the 1hr chart looks like it reached another strong resistance at 90.91... if it breaks this then it can run up to 91.61 and the next stop will be 92.48 if the current trend follows through ....

      USD/JPY Discussion