UPDATE #1: RE-ANALYSIS: USDJPY - What I Am Expecting (HINT: Bear

FX:USDJPY   U.S. Dollar/Japanese Yen
After the recent price action, I've had to re-adjust the bearish cypher alignment points. The bearish cypher is still present and the ratios valid. Please note the new XABCD points.

It is possible that the Bearish move I spoke about in the previous post may have startled and will end at the completion of the cypher pattern . However, prices can still turn around and complete the larger 4Hr Cypher first before heading down. Personally, I am waiting for prices to pass the B point of the cypher (BAMM Trigger) to confirm this cypher's C point.

If prices do head down to complete the smaller bullish cypher first, then prices could head up to complete the larger cypher later.
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please forgive my ignorance, but is there a reason you didn't use the Cypher Pattern tool when drawing in the larger pattern? Looking just at the values as shown I understood that the C point at 1.856 appeared to be invalid, until I "made the chart mine" and checked with the tool, that it was in-fact inside the 1.41 max extension of XA. However, using the tool (which was vetted by Akil from TradeEmpowered) it shows a lower D completion point:

When I drew the cypher, I had not had the time to check the new cypher tool and did not use it. So i just used the regular tool and verified all ratios as usual using the fib tools. But it's fine if you use the cypher tool, It seems to work ok now. If it's "Akil" approved, then it's good with me! ;-)
+1 Reply
ninjabenja PRO EverythingForex
no worries. Mostly because it's new (and because I had to double check the pattern before I could suggest your chart) I thought I'd let you know. cheers!
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