FX:USDJPY   U.S. Dollar/Japanese Yen
70 2 0
I asked myself why there? Almost exactly where I had recently put the probable lower edge of the diamond formation.
For those of you who follow my ramblings, I'm trying to perfect a theory, hard on a very enigmatic pair, but I liked this. The equidistance. And that red dotted line is a perfect negotiation between expressions of opposing force. Thought I would share.
Have a great weekend!
What is the basis for your analysis? Do you take it from linear expressions?
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Ok, well, I was just finding my own way, what I saw as observable. If you read my Two charts & Theory hopefully that explains, combined with my Repetitive Behaviour. It is based on natural law and harmonics, the constant search for balance in motion. My ideas, as I'm discovering are not without precedence. What I am seeking 'is an unmistakable non-random cycle of self-similarity', to take an excellent quote from a very relevant web article.
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