Abnormal Speed Index on Daily Chart, this is how to analyze!!! 170 pips

EURJPY has formed an abnormal SI of 173.7 on the last down wave after the Fib Hit

This is how to analyze:

1. Switch to a lower timeframe. In our case we will switch a tick chart of approximate 1HR ticks per bar.

2. Starting from the top of the down wave we are coming down with small down waves until we stall get into a range.

3. Up waves are getting greater than down waves.

4. Finally we get a classic entry from Plutus - Exit from range with PRL - (Plutus Reversal Long)

Therefore Long we go 170 pips