URIFX

USDJPY: Leg C of bull zigzag or leg C of larger bear zigzag

FX:USDJPY   U.S. Dollar / Japanese Yen
66 1 1
The chart tells my idea at the consolidation box where we can find:

1/ Bull case: Buyer try to push price higher but we cannot find an impulse wave. We don't know if wave C ended or not because we cannot count 5 waves structure of wave C here.

2/ I refer this case, Bear: I can found an overlap at pink square, that implies this not an impulse wave. So, I will wait for the end of current wave and short the next wave down. The next wave should be wave C.

We can find price bounced at the junction             of 2 PK and RIS divergence are other confirmation for an Bear.

Wait and see!
So far, so fast.....
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out