EWA-tokyo
Short

USDJPY, Elliott wave analysis

OANDA:USDJPY   U.S. Dollar / Japanese Yen
*Main Scenario
USDJPY , 1Weekly

I think that Wave B (Black) was completed and Wave C (Black) started.
Now, sub-wave 1 (Blue) of Wave C (Black) was completed, sub-wave 2 (Blue) started.

Wave B (Black) is not most likely a triangle pattern .
Because the endpoint of wave Z (Red) was passed the endpoint of wave Y (Red).
Thus, the triangle pattern broke.
The pattern of wave B is reasonable to think as a combination wave.

*Sub Scenario
USDJPY , 1Weekly

The wave 2 chart pattern is Zigzag or Flat.
In rare cases, it becomes a Combination or Triangle.
However, there is no Diagonal.

Wave 2 shown by the blue line looks like a Diagonal.
Probably, I think that the Scenario is wrong.

Next, Shows DJI charts (Nov 23)
Dow has repeatedly moved up and down.
This movement looks like a corrective wave.
I think this corrective wave is Wave B of an expanded flat (or Running Flat).
Perhaps wave C has started.
If this assumption is correct, the market will be risk-off.
appreciated your content, in the end we are all students of the market and learning constantly from it, i also give the best value i can to the community, i'm sure you would like it
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EWA-tokyo transparent-fx
@transparent-fx, Thanks for your comment.
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