USDJPY reversing as carry-trade is being dismantled.

FX:USDJPY   U.S. Dollar / Japanese Yen
Please see the comments on the chart.
Thanks for sharing Andy. :)
Huge 4, small 5?
My only complaint.
AndyM IvanLabrie
yeah, some very weird ending.. Unless we shoot for another top in SPX, within a few days, and get to new tops in USDJPY. The problem with my earlier idea (ending diagonal) has faded because now the channel in ED would diverge, which is hardly possible.
I honestly have no idea how to label this thing at the end. I guess I will just wait for some corrective structure appear on the way in JPY, and then will enter short.
AndyM IvanLabrie
the thrust out of triangles can be small (its either huge or tiny compared to triangles) - so this is OK. But (4) being so big compared to the rest of the movement underneath - is weird.
Looks like it's a limiting triangle.
Thrust should equal wave 1 of that degree.
IvanLabrie IvanLabrie
Where's 1 in your count?
I think this is a 4th in the dollar index, but not in usdjpy. It's already in wave 1-2 of 5.
AndyM IvanLabrie
its't the advance from Sept 2014 to Oct 2014
+1 Reply
I'm long:

+1 Reply
AndyM IvanLabrie
I've been thinking last night about JPY :)
Here's a thought: the advance is incomplete.
I don't know if it will correspond to the upward correction of SPX or SPX will make another high, but we need one more upward pulse on MACD in order to have the complete an beautiful picture:
Yep, that's what I think too.
Pending wave 5.
Might be forming an expanding ending diagonal, judging by the ugly waves.
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