scorpius

Bullish option at the end of the diagonal triangle

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
A relatively large diagonal triangle is coming to an end in anticipation. In wave 5, waves a and b are completed. Sub-wave is completing c. In expectation of a downward reversal in corrective wave B, where the first will be an impulse sub-wave (a).
The first reference point (after the completion of all five) level breakdown is full b of 5. The main reference point for wave analysis is the breakdown of the wave 4 level.
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