USDJPY wave analysis (still inside BEARISH correction pattern)
تم تحديثه
Wave 4 is ABC flat (3-3-5) pattern(yellow)
Wave C(yellow) is (1)-(2)-(3)-(4)-(5) (blue)
Wave (1) inside wave C is an extension.
ABC(blue) is wave (2) inside wave C(yellow)
close look at wave3(green)
Major SELL targets are:
111.56 - 38.2% retracement of wave 3(yellow) and 61.8% of wave (1);
109.23 - 100% of wave (1) and 361.8% of wave A(yellow);
107.18 - 61.8% retracement of wave 3 (yellow)
usdjpy still needs correction to move up.
major wave 2(yellow) was lasting for 2 months.
current wave 4(yellow) started on 15 december.
keep an eye on wave structure and major wave breakouts.
it still looks bearish.
market realized that Trump was not joking.
"trump rally" is over.
Wave C(yellow) is (1)-(2)-(3)-(4)-(5) (blue)
Wave (1) inside wave C is an extension.
ABC(blue) is wave (2) inside wave C(yellow)
close look at wave3(green)
Major SELL targets are:
111.56 - 38.2% retracement of wave 3(yellow) and 61.8% of wave (1);
109.23 - 100% of wave (1) and 361.8% of wave A(yellow);
107.18 - 61.8% retracement of wave 3 (yellow)
usdjpy still needs correction to move up.
major wave 2(yellow) was lasting for 2 months.
current wave 4(yellow) started on 15 december.
keep an eye on wave structure and major wave breakouts.
it still looks bearish.
market realized that Trump was not joking.
"trump rally" is over.
تم فتح الصفقة
تم إغلاق الصفقة يدويًا
1st SELL target is reached 111.56 (actual price was 111.59) - 38.2% retracement of wave 3(yellow) and 61.8% of wave (1); nice point to cover profits.
next sell targets are:
109.23 - 100% of wave (1) and 361.8% of wave A(yellow);
107.18 - 61.8% retracement of wave 3 (yellow) .
ملاحظة
possible wave count. maybe entire correction(bear market) is already done at 38.2% retracement of 27sep-15dec bull market.
bear market(wave 4) = 61.8% of bull market(wave 3) in time. (yellow)
wave(4) = 38.2% of wave(2) in time. (blue)
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.