USD/JPY revised wave image (Nikita FX )
Green zone is a Triangle Formation with present wave 3-sub-4. This morning USD/JPY
hit 115.86 which looks like a False breakout to me.
(If it was a true breakout, we should treat the wave from 114.87 as 3-sub-5 already)
Typically wave 3-sub-4 should be bigger than 3-sub-3-4, so more consolidation down should
be coming very soon (before Green zone triangle is terminated).
3-sub-4 will be at 113.87 area which makes a Double bottom with 3-sub-3-4 bottom.
Then 3-sub-5 will be climbing up to 116.50/90.
Big wave 4 will be coming down later to 112 low at least. (If true Triangle breakout will be occurred,
Big wave 4 will be coming much earlier)
Nikita FX (climbingfx.jugem.jp/ )
hit 115.86 which looks like a False breakout to me.
(If it was a true breakout, we should treat the wave from 114.87 as 3-sub-5 already)
Typically wave 3-sub-4 should be bigger than 3-sub-3-4, so more consolidation down should
be coming very soon (before Green zone triangle is terminated).
3-sub-4 will be at 113.87 area which makes a Double bottom with 3-sub-3-4 bottom.
Then 3-sub-5 will be climbing up to 116.50/90.
Big wave 4 will be coming down later to 112 low at least. (If true Triangle breakout will be occurred,
Big wave 4 will be coming much earlier)
Nikita FX (climbingfx.jugem.jp/ )
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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.