I posted this London close scalp a bit ago. I mentioned that EJ is at the 200 ma on monthly. It is possible I achieved immaculate entry on the start of wave 2, which would retrace probably 50-62%.. It is also possible that it is just a scalp. I already scalped it, slid to profit, got taken out, got back in. Keep in mind yen pairs don't always do exactly what Elliot tells them to. EJ is in a strong downtrend with room down on weekly TDI, but up to daily is oversold. Here's the thing.... I can count a 5 wave, and whether I draw my trend lines for an ending diagonal from wave 3 or just wave 5, both qualify. If you have watched my diagonals video you may somewhat understand what I am getting at. Thing is, it has that supply zone underneath it can extend into. It stopped itself 8 pips above the 130.00 level, sometimes they don't like to hit the even numbers so to ignore limit orders. So, no confirmation, just perfect london close twin trade scalp/let 1 ride entry, at least it was for me. But I feel like at this point, if it does make a big red candle into that zone, it will wick back up. By the fib extensions it doesn't have to be a wave 1 and going into a 2, so we may just get a pull up to around the 131.500 level.... Remember no actual confirmation yet. I doubt I will post or update much more this week if any, have more important crap to do. That purple MA is the 200 and seems to be lining up with a wave 2 retrace relative to where price is. Just thought I'd share. Peace out.