aibek
Long

USDJPY. Looks like we have first impulse up and correction

FX:USDJPY   U.S. Dollar / Japanese Yen
Hi there!

I was waiting if we have finished down. If this count is correct then we will have upside move soon.
It can be wave X up or wave 1 of 5 in large impulse.

Best wishes!
Comment: Hello friends!


I examined waves on lower time frame and have to admit that it's not 5-wave impulse model.
It's an ABC zigzag model.
But idea still valid even if we dip lower then the bottom of wave A as it can be expanded flat.
Focus on white A peak - break of it to the upside will confirm that we are in wave X up.
Comment: *Focus on YELLOW (A) peak. Sorry mistype.
Cheers! Agreed !
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aibek ChimbOt
Hey! Nice chart, thanks for feedback!
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