DenisGerasimov54

DenisGerasimov54

Correction in the wave {ii} is very likely - white marking. It's very risky to buy. But I'm considering the fact that an extension is formed in the subwave (v) of the wave {i}. Confirmation of this will be a breakdown of level 140.3.

DenisGerasimov54

The impulse in wave {1} can be considered "technically" complete. However, it is possible that the price will go to 142.3. Put the top deals on a break-even and look forward to further development. If the price returns under 138.9 I will consider this to be the beginning of the correction in the wave (c) wave {2}. This option is marked in white on the chart.

DenisGerasimov54 Updated 

Probably the wave {i} can be considered complete and wait for the beginning of correction in the wave {2}. But I guess that the wave {i} can still continue after the local correction in wave (iv).

DenisGerasimov54

My assumption on the markup. My guess on the markup. I do not trade until I am studying this pair in the context of GBPJPY

DenisGerasimov54

The wave (iii) has begun to develop within the framework of the wave {i} within the momentum in wave "C"

DenisGerasimov54

It looks like the wave "B" has finished its formation by the wave {c} in the form of a diagonal triangle. The incoming bullish pulse in the wave "C" began to form. However, this scenario should be confirmed by breakdown above levels 136.5 and 136.8 Thank you, Ignat Borisenko

DenisGerasimov54 Updated 

In my opinion, a full-fledged impulse is formed in the wave "c" within the wave (y) within the wave {b}. Key levels: 134.7, 133.15 and 131.3. However, the probability remains that the wave "c" will be limited to the diagonal triangle (the graph is marked white). I will closely monitor the behavior of the pair after the breakdown of the level of 136.4

DenisGerasimov54

Two variants of the development of the wave {b}. Key levels: 136.2, 133.9 and 131.3

DenisGerasimov54

In my opinion, the wave (x) is over and the incoming pulse in the wave {1} is forming. However, there is an alternative option (on the chart marked in white) with the formation of the wave (x).

DenisGerasimov54

Probably in the wave {3} an elongation is formed and motion in the subwave (3) has begun. But since wave (1) has a not very clean structure, the confirmation of this markup will be a breakdown of the local minimum of 137.5 . The goals in this movement marked on the graph are very conditional and a refinement on them will be in the course of the development of...

DenisGerasimov54 Updated 

Probably the correction in wave {2} took the form of a simple zigzag and a decrease in wave {3} began to level 132.5

DenisGerasimov54

I assume that the wave {2} takes the form of a triangle. Alternative option (marked in white) - the generated wave {C} is the first wave in the zigzag. This option is confirmed if the price rises above the wave {A} - 139.3

DenisGerasimov54

Unlikely small marks. The wave {2} can still continue to 140.2

DenisGerasimov54 Updated 

Clarification of the markup. The decrease in the wave {3} is likely to begin. But there is a risk that the wave {2} can still continue. If the pair leaves above 140.4 I will reconsider the markup.

DenisGerasimov54

The formation of the subwave {3} in wave "c" is coming to an end. After finishing the correction in wave {4} I plan to add deals. Since the wave {2} formed a triangle, then in the wave {4} I expect a zigzag. As an alternative (on the chart marked in white) I consider the variant of the fact that only the wave "a" is being formed so far and after the return to...

DenisGerasimov54 Updated 

I revised the markup. Movement down remains. The first target is 132.6, but knowing the predisposition of this pair to extended and running triples, I assume that there may be an extension in wave "c" to 128.6. Thank you for helping Ignat Borisenko ! Excuse my English.

DenisGerasimov54

A decrease in the correction wave {y} began. At the moment, the wave is developing iii. Most likely the nearest target is 134.6 - 134.1