$JPY Hit Forecast TG @ 107.509; Eyes TG-Hi @ 109.786 | #forex

FX:USDJPY   U.S. Dollar / Japanese Yen
508 4

As discussed over the recently days, price was preparing a rally given a parameter - Lower values threatened to signal a trend reversal, however, Wolfe Waves Pattern stole the show here. In the earlier analysis, there were concerns about a possible down-trend reversal had price maintained its course.

Yesterday, I mentioned:

"I personally do NOT like to see Point-5 neglected by wave count. Wave count is odd here, so beware of possible DEEPER pull-back. Levels given are structural analysis."
(Source: "Predictive Analysis & Forecasting Room, TradingView.com - 16 SEP 2014: https://www.tradingview.com/chat/#5eHLst...)


As suspected, price met the predefined Point-5 and reversed from there, affording the Wolfe Wave pattern trader to be given no other directional indication but up, especially as none of the candles that completed WW at Point-5 ever closed below that 1-3-5 Line - From this WW Point-5 validation, the WW trader had no other prospect but up.

OUTLOOK - EXPECT TG-Hi = 109.786:

Outlook remains intact at this point, with a loftier TG-Hi, defined at 109.786 five days ago (12 SEP 2014). The model is giving this as a qualitative (i.e. "Hi" or "Lo") target, or "Qual-Target" in contrast to a quantitative (i.e.: TG-1, TG-2, TG-3, ... TG-n), or "Quant-Target".

As indicated several times before, Quant-Targets have reversible powers, being able to repulse price back to greater depths than the expected 0.382, 0.500 or 0.618 Fibonacci retracement levels. While a definition of these levels will require added analysis (If and once price gets to 109.786), the current predictive/forecasting model remains bullish and supportive of the target it had defined back on 12 SEP 2014.


Wolfe Wave completed and buoyed price to higher highs. The remainder of the rally is expected to be fueled via other geometries than the WW. Look for Elliott Wave expanded flats, running flats or other dynamic motives. However, once 109.786 level is reached, prospects for higher levels are likely to meet a significant bearish entrenchment at that defined level.


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA

Twitter: @4xForecaster
30 SEP 2014 - Update:

From Twitter:
$USDJPY hit target @ 109.786; Wolfe Waves Pattern pending at 5'; Then, major correction?

@tradingview | $USD $JPY

Also, consider these recent $USDJPY analyses with same forecast:

1 - $JPY Hit Forecast TG @ 107.509; Eyes TG-Hi @ 109.786 | #forex:

2 - $JPY Nears Target-High @ 106.614 | $USD $JPY #Yen #Nikkei #forex:


David Alcindor
+1 Reply
LastBattle 4xForecaster

RSI pretty much confirmed it.
Thanks for the analysis :) I shorted it a day earlier.
same thing here check my analysis according to price action
+1 Reply
Hi david Hope you are fine I closed all position at 108.200
+1 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
HE עברית
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