jefftan
Short

EXPANDING PIVOTS REVERSAL SIGNAL

FX:USDJPY   U.S. Dollar / Japanese Yen
136 2 3
Price completed an EP formation comprise of p1 to p4.

P3 was halted by downsloping fibo 1.236. Price has broken the upsloping SH2 coming up to intersection of SH2 and the downsloping U-MLH.

This is a reversal signal for price to head down the downsloping fibo 0.382
last moment it seems that it approached the intersection from above. would this be a good time to combine both candlesticks and end up with a pinbar with a long tail? this would be bearish if im not wrong
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