Hello traders , AUDJPY in daily timeframe , In this symbol, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5.
As we said, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally.
But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable.
Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this recent ascent is for Wave 5 from Wave 5.
Wave 5 of wave 5, like the previous waves of the triangle, is formed in the form of three waves, and from these three waves, wave a is being formed. Wave 2 moves further. This scenario is somewhat fielded, but otherwise a sideways trend is formed to complete wave a and wave b is formed, and then climb for wave c provided that the fibo breaks 0.618.
Moving more than the end of wave 2 will mean that it is still inside the main wave 4, and this wave 4 will be in the shape of a triangle.
This analysis will be completely fielded if the support indicated by the warning sign is broken.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
As we said, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally.
But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable.
Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this recent ascent is for Wave 5 from Wave 5.
Wave 5 of wave 5, like the previous waves of the triangle, is formed in the form of three waves, and from these three waves, wave a is being formed. Wave 2 moves further. This scenario is somewhat fielded, but otherwise a sideways trend is formed to complete wave a and wave b is formed, and then climb for wave c provided that the fibo breaks 0.618.
Moving more than the end of wave 2 will mean that it is still inside the main wave 4, and this wave 4 will be in the shape of a triangle.
This analysis will be completely fielded if the support indicated by the warning sign is broken.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️