-ABC Ellito's Wave -FIBZONE 61.8 PERFECT TURNING ZONE TO CONTINUE DOWN TREND -candle sticks on D1 showing wicks on top ,which means the bulls losing there strength. -Weekly pivots Supply Zone.
Price broke out of trend and came back to retest where it broke out. Retest zone is within the 50-61.8 zone, which we are currently at so continue Yen strength.
1)Elliots wave count 2)mitigation Zone 3)Key Supply Zone
Trend line Resistance Area Mitigation Zone for Sells (breakout zone). Dollar index showing weakness of dollar
We on on resistance level ABC retracement Mitigation level of previous breakout
1)Head and shoulders reversal pattern (We forming right shoulder now) 2)USD weakeness are and pivot area for sells on UJ
12345 move completed of Elliott's wave we in ABC move now B-C. Bullish dollar
Price has been playing inside a consolidation box and right now it at the resistance area of Box. Which identifies as selling area. Also we at peak of trend line so anticipating sells at this key resistance.
As per Elliot's Wave bullish move which is just a retracement is about to happen. Which means bullish dollar and DXY(Dollar Index) also confirming buys
Triple Top and Key Zone for reversal. Trend lines also confirm Drop. W reversal Pattern NB: DXY and most usd pairs are at key Pivot areas for bullish Dollar.
3 wave impulse moved then expecting big drop. retracement expected currently then further push to upside.
JPY has been weak for 1st half of year and we expecting Strength from July-December2024. Sellers are in control now and we only looking to short USDJPY. Impulse 5 wave move in play 1st wave completed.
BTCUSD was in consolidation , it then broke out of consolidation and we were waiting for retest for the breakout. Price has just retested both breakout zone and moving average to confirm Sells.
ABC Retracement completed we looking forward to the impulse Bullish momentum to start long term.
- DXY has been holding on support (3times it has held this support) - ABC Wave for bullish BC wave to complete now.
Head and shoulder completed and retest on neckline has just happened to continues the drop 61.8 retracement level.
-JPY Bulls coming in -morning star reversal pttern formed and we have bullish momentum -All major resistance levels have been broken.