7pasos
Short

Expanded Flat b) correction at or near to end.

FX:USDJPY   U.S. Dollar/Japanese Yen
475 1 1
After the big rally the USDJPY             started a correction to the down side followed by which we think is an expanded flat.
Several guides lead us to this conclusion:
1) The 61.8% fibo expansion of a from it's end is really near the end of this wave
2) the 76.4% of retracement of a) (or 1) also could be) almost at the same zone
3) the clear pattern where can see clearly the fast zigzag to the down side for wave b

If we are right, there is a good chance for a sell at the point where wave 4)) of c of b) ended (once be crossed by the price) looking to a minimum objective of the actual lows for a good risk reward, because the following decline for wave c) (or 3) ).
7pasos PRO
3 years ago
Follow up to this analysis
So good so far USDJPY decline
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out