TradingEW
Short

USDJPY downtrend

FX:USDJPY   U.S. Dollar / Japanese Yen
93 3 3
In the middle of larger complex correction {4}, just completed wave b of (a), heading down on an impulse wave c.
1st target wave (1) near 120.00.

Long term view:
Agreed with the count but the new wave 1 leg which is currently underway can also retrace from end of wave 4 of the prior upleg, So why do you think this wave 1 will retrace to end of prior wave 2..... I'm still learning EW your comments will be highly appreciated
Reply
On the main chart, white c wave is projected below the bottom of wave a since it is potentially a flat correction.
Then, intrapolate (fill-in) the 5 waves of the impulse c wave, you get the approximate targets which will be adjusted and updated with PA.
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 Screener Crypto Screener 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