dojitrader
Short

Almost An Ending Diagonal Or 3 Drive Or Measured Move ???

FX:AUDJPY   Australian Dollar/Japanese Yen
125 1 3
Whatever the final labeling there should be one more
upside move as it seems incomplete. If the bottom channel
line is broken all 3 ideas are gone.
So, the 3 drive triggers @ .9570
the ED and measured move @ . 9595 area
which is also the .618/1.618 fibs and last gasp of resistance.
the bottom line is this price action is corrective, not impulsive
so trend continuation to the downside should resume somewhere.
3 Drive on the hourly chart
snapshot
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