m-sarabi

Counting waves and a flag pattern

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
A 1, 2, 3, 4, 5, a, b has Elliott wave has formed, waiting for c wave to be confirmed. A bearish flag pattern is about to confirm the c wave. After breaking the lower parallel line is the best time for taking a short position, and a retracement of the size 'a' is expected.
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