■Outlook of USDJPY 4h chart.
We are on sub-wave 4 of wave ⅴ on the Upper Degree shown as Orange-line.
Sub-waves of Waveⅴ are Black-line.
Probably, The sub-waves of "waveⅴ" will be "Impulse".
Sub-Wave3 was 1.618 to 2.000 times more than Sub-wave1, the expansion of Wave3 was not enough.
so, the black-line waves may be an impulse where the Fifth wave(wave5) extended.
Wave 4 often divides the price range of an impulse wave into the Golden ratio.
If the assumption is correct, the target of wave5 will be 119.400.
Loss cut, 114.276.
■Dec 15 idea;
Take a look at my Dec 15 idea, my forecast was perfect.
We are on sub-wave 4 of wave ⅴ on the Upper Degree shown as Orange-line.
Sub-waves of Waveⅴ are Black-line.
Probably, The sub-waves of "waveⅴ" will be "Impulse".
Sub-Wave3 was 1.618 to 2.000 times more than Sub-wave1, the expansion of Wave3 was not enough.
so, the black-line waves may be an impulse where the Fifth wave(wave5) extended.
Wave 4 often divides the price range of an impulse wave into the Golden ratio.
If the assumption is correct, the target of wave5 will be 119.400.
Loss cut, 114.276.
■Dec 15 idea;
Take a look at my Dec 15 idea, my forecast was perfect.
