Zigzag pattern!! Lateral structure to the side???
Hello friends and good night
Japanese Yen = US Dollar
The price trend started at $0.006580 (void) which was an impulse pattern and reached the high price of $0.007855 which was completed which is labeled wave 1 or A.
The first possibility: the starting price of $0.007855, which wave A is an impulse pattern and wave B is a zigzag pattern, and in wave C it can be another impulse pattern that completes the zigzag pattern of the larger degree 2 or B, in the continuation of the bull market.
The second possibility: Wave B is not yet completed and the probability of the structure (sideways or flat) after crossing the market price of $0.007259 will quickly return to around $0.007711 (between 61.8 and 78.6%) and once again this to test the price level.
It will then follow a bear market to complete the zigzag pattern.
Hope you enjoy the ideas, and good luck!
Japanese Yen = US Dollar
The price trend started at $0.006580 (void) which was an impulse pattern and reached the high price of $0.007855 which was completed which is labeled wave 1 or A.
The first possibility: the starting price of $0.007855, which wave A is an impulse pattern and wave B is a zigzag pattern, and in wave C it can be another impulse pattern that completes the zigzag pattern of the larger degree 2 or B, in the continuation of the bull market.
The second possibility: Wave B is not yet completed and the probability of the structure (sideways or flat) after crossing the market price of $0.007259 will quickly return to around $0.007711 (between 61.8 and 78.6%) and once again this to test the price level.
It will then follow a bear market to complete the zigzag pattern.
Hope you enjoy the ideas, and good luck!