USD/JPY what kind of these waves ? (Nikita FX )
First of all, (1), (2), (3),(4), and (5) wave counting is not appropriate because wave (5 )
is already exceeded its length of wave (3): which should be at 113.67 at maximum.
Therefore I concluded this type of wave is major-(A), (B), and (C)
If major-(C) is 1.272 expansion of wave major-(A), major-(C) top will be at 116.42
And also Blue line is major-trend upper line. Daily time lags 872 bars (50 & 52 days) are
equal legs. Which means Nov. 10 will be a possible major-reversal Day....if it won't be breaking
over 116.42 by that Day.
Possible major-reversal target will be at least Fib. 38.2% ret. of whole (A),(B), and (C).
which will be at 110.55.
I would say next major-upward wave up to 124.12 will be after reaching at 110.55 area.
This is only my personal scenario.
Nikita FX (climbingfx.jugem.jp/ )
is already exceeded its length of wave (3): which should be at 113.67 at maximum.
Therefore I concluded this type of wave is major-(A), (B), and (C)
If major-(C) is 1.272 expansion of wave major-(A), major-(C) top will be at 116.42
And also Blue line is major-trend upper line. Daily time lags 872 bars (50 & 52 days) are
equal legs. Which means Nov. 10 will be a possible major-reversal Day....if it won't be breaking
over 116.42 by that Day.
Possible major-reversal target will be at least Fib. 38.2% ret. of whole (A),(B), and (C).
which will be at 110.55.
I would say next major-upward wave up to 124.12 will be after reaching at 110.55 area.
This is only my personal scenario.
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.