USD/JPY Wave Analysis 2nd Week / September / 2024
I see the decline from July 3rd as a diagonal wave, wave A or the first wave.
The first wave of this diagonal wave is larger than the third and fifth waves, and the third wave is currently in progress.
I also think that the diagonal wave will be completed while staying under the daily MA.
If the price breaks the daily MA before completing the diagonal wave, this idea will fail.
The first wave of this diagonal wave is larger than the third and fifth waves, and the third wave is currently in progress.
I also think that the diagonal wave will be completed while staying under the daily MA.
If the price breaks the daily MA before completing the diagonal wave, this idea will fail.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.