THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI
Direction: Ascending
Tendency: Descending
USDJPY is moving toward correction point purple II, main direction wave is (I II III IV V). Wave II is an ABC corrective wave, we are at the C leg of this ABC. A wave was a 12345 impulsive, B wave was WXY double three (ABC-ABC-12345) and C wave is expected to be a 12345 impulsive or a diagonal. Subwave of C leg is shown on the chart as cyan 12345, it should be noted this points were based on perfect wave with 3th wave extension and horizontal support-resistance lines.
4h view
Main direction wave is shown above, position of III wave is based on perfect wave with 3th wave extension.
INFORMATION HERE WILL BE USED FOR A FUTURE AI
Direction: Ascending
Tendency: Descending
USDJPY is moving toward correction point purple II, main direction wave is (I II III IV V). Wave II is an ABC corrective wave, we are at the C leg of this ABC. A wave was a 12345 impulsive, B wave was WXY double three (ABC-ABC-12345) and C wave is expected to be a 12345 impulsive or a diagonal. Subwave of C leg is shown on the chart as cyan 12345, it should be noted this points were based on perfect wave with 3th wave extension and horizontal support-resistance lines.
4h view
Main direction wave is shown above, position of III wave is based on perfect wave with 3th wave extension.
Comment:
4h chart