This user was banned for violating the House Rules. The ban is for social activity only - participating in public chats, publishing ideas, commenting and so on. The ban has no effect on the functionality of the platform.
1. Wave (X) is a complex correction, in that wave "X" is a triangle.
2. For me wave a) has finished and we are in the b) wave
3. I am expecting the wave "C" has to fall below the spike happen @ 14.390
to finish the wave (X)(red color)
4. Lot of possibilities wave formation and it may go messy too...
but for me this may happen here...dont bias on...
USDJPY Rejecting triangle break to New Highs
The bullish divergence of the relative strength index (RSI), as seen in the hourly chart, indicates the pair could take out falling wedge resistance in the next couple of hours.
Falling wedge bull reversal, if confirmed, would allow a stronger rally toward 111.13 (50-hour moving average).
The bulls need progress soon as...