URIFX

GBPJPY: Sell expand triangle

FX:GBPJPY   British Pound/Japanese Yen
116 2 6
Price formed a beautiful pattern with 3-3-5 structure of a triangle.
Target 1: bottom of triangle.
Target 2: bottom of larger bull channel
Comment: Broke! Looking for sell next wave!

snapshot
Comment: 1st target done!

snapshot
I was wondering if you're using the 3-3-5 in a different context
than classic EWave ? It is my understanding that a 3-3-5 is a
flat or extended flat pattern and a triangle should show an a-b-c-d-e
5 pattern each with a subdivision of 3-3-3-3-3.
So, is there something I'm missing in your use of 3-3-5 ?
Thanks and wishing you a pocket full of pips !!!!!!!!
Reply
URIFX dojitrader
Yes dojitrader, you're right! I am wrong but I still keep 3-3-5 for this pattern! Thank a lot! :)
Reply
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