🥇XAUJPY: Japanese Alchemy of Gold🎌

●● Mine scenario
● 1W

It is very likely that, as in the case of XAU/USD, the wave (V) of the "Supercycle" degree forms the Ending Diagonal I-II-III-IV-V.


A variant of count of the triangle ((B)) of I.


A variant of count of the wave (1) of ((C)) in the form of a single zigzag A-B-C.


I expect the wave (3) to resume growth soon. The confirmation in favor of the completed correction (2) of ((C)) in the form of a double zigzag W-X-Y will be: the breakdown of the line 0-X, plus the formed waves ((i))-((ii)) of A, the first of which will break through the top of X — "bull lvl" and gain a foothold over the upper border of the descending channel.

●● Alternative scenario
● 6h

As long as the above conditions are not met, there is still the probability of continuing the decline of the wave Y of (2) with the first targets of 173775.

The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.

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