Solara - The Sun is Rising Behind the PyramidSolara Active Pharma:
After the CEO of Solara resigned 1.5 years ago, the Company shares faced a major crash - retracing near 100% on Fib scale. A large Pyramid like structure was formed eventually
Over the past few months - the price has started to strengthen the base taking support near the 290-300 zone which is one the Strongest support for the script
A Bullish Reversal sign is seen when a Right Angled Triangle pattern was formed and successfully breaking out of the Pattern along with the next immediate resistance at 410. I can also be seen as a Double Bottom pattern - long long way to go
Its changing direction from being a Sunset company to a Sunrise company. With the Breakout of Pharma sector, many Pharma companies are having their dream run and SOLARA is riding the journey along with its peers.
The Sun is Rising behind the Tall Pyramid. Wait for Large Targets ahead - 550, 830, 1200
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Sunrise
USDJPY. Update of November chart. Target 118.60-125.00Back in November 2017 I posted the idea titled "USDJPY. Possible wave count. SeeSaw" (see related).
The price was shaping the junction of wave B of ABC correction, which still emerges in this pair.
Last update was done this February where I showed the possible area of wave B completion around 104.25.
The price reached 104.60 area and reversed.
I post this update as price broke out of the downtrend wave B around 112 level and now we can see
how wave C emerges. It could be fast as it should be for wave C.
Now you can check the power of the trends as I added white uptrend to show you where wave C could hit being equal to wave A.
It was marked as target 2 at the 125 level - amazing gain it could bring us. This level corresponds with a multi-year top.
Before that there is a target 1 at the 118.60 level as here is a former top of wave A, which could be a strong barrier for the up move.
Invalidation is below 108.10
USDJPY. Triangle = Continuation downThis is one of the ways how the current correction within the wave X of WXY could unfold.
It is a contracting triangle. After completion we could see another wave down, which is Y.
I highlighted the target area with an orange box, this is where Y is equal to W.
It perfectly fits with the Fibonacci retracement area between 78.6% and 88.6%.