This is my Elliott wave idea about USDJPY , 4hr.
Wave ⅳ was "Expanded Flat" and completed.
I think we are probably on sub-wave 3 of wave ⅴ(shown as Orange-line).
The motive wave of five-wave structures is already appearing.
This motive wave is "Diagonal" and sub-wave 1 of wave ⅴ.
Sub-wave 2 of wave ⅴ is Flat.
If the assumption is correct,
This impulse will probably be the Impulse where the wave ⅴ extended.
The wave ⅴ will grow to the level of 117.500.
In this scenario, the stop loss level is 113.765.
■Last time my idea, Dec 22;
Wave ⅳ was "Expanded Flat" and completed.
I think we are probably on sub-wave 3 of wave ⅴ(shown as Orange-line).
The motive wave of five-wave structures is already appearing.
This motive wave is "Diagonal" and sub-wave 1 of wave ⅴ.
Sub-wave 2 of wave ⅴ is Flat.
If the assumption is correct,
This impulse will probably be the Impulse where the wave ⅴ extended.
The wave ⅴ will grow to the level of 117.500.
In this scenario, the stop loss level is 113.765.
■Last time my idea, Dec 22;