After looking at the AUD/JPY chart and the spike we got on Friday, I realized it hit an area where it is likely to consolidate and turn down. Not a fib or Elliott Wave target, but something simple.
I’ve been wanting to add this to the training for a while and kept forgetting to do it, so this served as a friendly reminder and a new video is now up there – Finding Inflection Points.
It’s not exact, but certainly helpful, especially in the Forex market.
Log into the private site, and it’s the last video in Module 2.