The wave from the June low looks like an impulse wave, which sort of negates this as a valid interpretation in EW.
finitemonk
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Hi. I'm very interested in your analysis/methodology ... I kind of grasp what your doing, but would be great to have some more deets. Thanks.
fxgraffiti
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The idea is that triangles can appear as wave b in abc corrections. It's a bit far fetched to imagine usdjpy taking out the June low around 93.78 but the possibility is there I suppose.
finitemonk
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I don't think that's so far fetched ;)
barron1
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I also think that USDJPY will retest and possibly break the June low to form Wave C. However I do think this will initiate one more impulsive wave towards 107+ (i.e Wave 5).