nikitafx
Short

USD/JPY revised wave image (Nikita FX )

FX:USDJPY   U.S. Dollar / Japanese Yen
463 0 6
Green zone is a Triangle Formation with present wave 3-sub-4. This morning USD/JPY            
hit 115.86 which looks like a False breakout to me.
(If it was a true breakout, we should treat the wave from 114.87 as 3-sub-5 already)

Typically wave 3-sub-4 should be bigger than 3-sub-3-4, so more consolidation down should
be coming very soon (before Green zone triangle is terminated).
3-sub-4 will be at 113.87 area which makes a Double bottom with 3-sub-3-4 bottom.

Then 3-sub-5 will be climbing up to 116.50/90.

Big wave 4 will be coming down later to 112 low at least. (If true Triangle breakout will be occurred,
Big wave 4 will be coming much earlier)

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