neo8175

neo8175

We are currently in Wave C of ABC correction. Looking for a short at 149-149.3, then 5 wave correction to 145.

neo8175

Believe we are still with the channel from 137.9 and will be wave 3 soon. Closed all longs at 132.7.

neo8175

We are wave B of falling wedge pattern for USDJPY. Looking for buy order between 131-131.5 which is .618-.68 fib. retracement of wave A.

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Curently in wave 4 of larger wave 3 pattern. Looking for buy orders around 131.5-132.5. Still see wave 5 finishing at 139.5.

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wave a to hit 134.8, followed by wave c to finish at 139.5

neo8175

Wave a hit 132.8. Looking for wave to hit 129.5-129 and wave c to finish around 134.5.

neo8175

Believe we are in wave 2 of larger abc correction. We were expecting a fifth wave down to 125.5 but it's never that obvious.

neo8175

Currently in wave 5 of A of ABC correction. Price target 126.5-125.5 based on weekly 100EMA. Also 125.5 has alot of support based on past weekly timeframe.

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Another possible outcome. Wave b of abc pattern to 136.5

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I don't we are done yet. Saw rejection at 134.5-7 area. Believe that was the end of wave 4. Will finish wave 5 around 126-127 region.

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We are now in b wave of larger abc correction within a parallel channel. Final target is 136.5-137.

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Is this still on the table after the sharp decline.

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So far hitting fib retracements levels for wave 2.

neo8175

Wave A hit the .236 fib tracement. Looking for a small correction for Wave B to 136-137, then Wave C to .382 fib area (125-126) for completion of ABC correction.

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Head and shoulders formation for USDJPY pair short term.

neo8175

ABC Correction to the 136.5-137 area based on trendline and 1:1 fib extension.

neo8175

symmetrical triangle forming. target 102.5 - 102.8 for wave C on the 12 hr chart previously bounced off the 100ema several times.

neo8175

Left time frame is 2 hr chart (June 9, 2020) Right time frame is 2 hr chart (June 9, 2022)