TRADE ANALYSIS: GBPJPY - Wave 4 Completed Now?
WAVE COUNT
This wave 4 could be unfolding in a complex WXY pattern. If it is then the wave 4 is completed and we should be seeing a wave 5 decline starting. A confirmation of this wold be seeing prices break below the trading channel it is in right now. You can see that the wave 4 has unfolded in a stair case pattern in an ABC-X-ABC pattern.
PATTERNS
There is a completed 3 Drives pattern here. There is also a POTENTIAL cypher pattern with a confirmed C point.
This wave 4 could be unfolding in a complex WXY pattern. If it is then the wave 4 is completed and we should be seeing a wave 5 decline starting. A confirmation of this wold be seeing prices break below the trading channel it is in right now. You can see that the wave 4 has unfolded in a stair case pattern in an ABC-X-ABC pattern.
PATTERNS
There is a completed 3 Drives pattern here. There is also a POTENTIAL cypher pattern with a confirmed C point.
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