nikitafx

nikitafx

117.64--117.918 (max.) will be the Top of USD/JPY since 105.186. I would say Major-(B) will be coming soon. However if 117.918 will be breached it means wave 5-extension. In that case, 115.444 + wave 3 x Fib.61.8%=121.17 will be a target. (Before reaching 121.17, Fib.38.2% ret. as wave 5-sub-2: 116.84 level is needed) Nikita FX (climbingfx.jugem.jp )

nikitafx

Wave counting used to be modified sometimes because its confirmation could be done in the future. Well, Ending Diagonal point would be 117.31 at maximum in this Chart (3-sub-5 ). Therefore it's now 3-sub-5 Top ! Nikita FX (climbingfx.jugem.jp )

nikitafx

I would say an Ending pattern of Big wedge & Diagonal Top was already done with Double 117.05 top. Wave (A) since 101.05 was completed. Then next Phase will be wave (B) plunging down to 110.95 area. You can see your favorable target:120 could be accomplished next 1Q or 2Q 2015. Nikita FX (climbingfx.jugem.jp )

nikitafx

USD/JPY is now on wave Blue (3) which will have 3 possible targets: TP 1:114.09 TP 2:113.77 TP 3: Pink Gap zone Nikita FX (climbingfx.jugem.jp )

nikitafx

3-sub-3-4-E should be holding at the wedge bottom line, however it might be already 3-sub-4 if wedge bottom line will be broken.... In that case, initial target of 3-sub-4 will be at 113.90. Well, I would say it looks like broken.....we should recognize 3-sub-4 is already going on. Nikita FX (climbingfx.jugem.jp )

nikitafx

Everybody is watching this, so I would give you some ideal wave image. Shortly wedge rebound just after a little bit breakdown thru 1.20 line will be occurred, and Final B wave drop is coming after wedge consolidation. But Situation is still being above the Pink zone (one of bullish breakout pattern), therefore next C wave goes up to long term ex-supportive line...

nikitafx

I don't want to assume this unbelievable scenario, but I would like to raise a very low possibility at the moment. If 3-months Exploded phase (in the first Green oval portion & the last Yellowish Blown oval portion of wave 4-A) will be happened in the next 3-months, USD/JPY will be climbing up to 135.15 area ( it is not impossible....). Wave 4-A needed 39 months...

nikitafx

EUR/JPY has reached its top of Pink zone (aka: wedge Breakout & Recovery Channel zone) and stayed closing a little bit above the top on weekend. This will be a bullish Recovery sign, however EUR/JPY looks like a recovery mode after wedge breakout & Major-4 declining consolidation from 145.68 to 134.13. Therefore initial upward Recovery wave since 134.13 will be...

nikitafx

This is my latest wave scenario of USD/JPY which shows us a Diagonal wedge consolidation with wave 3-sub-3-4. I am assuming one more upward leg of 3-sub-3-5 before declining to get a Possible Gap filling Chance in the next week. If Possible Yellow zone breakdown won't be happened, USD/JPY goes to 120.40 area first. However we will be able to get a Gap filling...

nikitafx

Well, well, USD/JPY is a super Bullish currency pair now, is'nt it ? I should revise my wave view again just in case of risk probability..... This is an ascending Diagonal wedge pattern with 3-sub-3-4 wave. 3-sub-4 will be coming later anyway down to 114.50 area. ( I would say 3-sub-3-5 in this case will be capped at Diagonal wedge upper line. The last 3-sub-5...

nikitafx

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...

nikitafx

S&P500, Dow Jones has started plunging tonight. GBP/JPY had already reached its Top at 184.65 (Nov.11) and its trending line since BOJ intervention was breached. GBP/JPY's direction is Down. Therefore GBP/JPY will drag down USD/JPY's upward trend for a while. Nikita FX (climbingfx.jugem.jp )

nikitafx

Both of 113.847 & 114.873 areas were rebounding points against 1H MA144. Former one produced 225 pips rebound, but this time produced only 85 pips so far. Which means rebounding power is losing now. The Crossing point of Supportive Wolfe Line & Basic Trending Line will be at 113.169 on Nov. 24 Towards that Crossing point, USD/JPY keeps losing Post-BOJ...

nikitafx

Since 109.334, BOJ's spike was launched, however an Exhaustion Gap is still in the exact middle of the last 7 market-Days. I would say that 116.10 could be a failed Top if it will be capped. TP 1 was already breached. Elliott wave counting will be depend on How you would treat the Pink Gap. Normal BOJ's spike used to be approx. 338--380 pips. This time was...

nikitafx

Well, my Post-NFP reaction regularity was not working well.....it was only wave 3-sub-3-4 which consists abc 3 waves. We are now on wave 3-sub-3-5 ( actually 3-sub- 3-5-5 now). This target will be at 116.40/42. However Be cautious with 116.40/42 area which I mentioned before... Gap (112.35/56 ) will be filled with wave 3-sub-4, or possibly Big wave 4 later...

nikitafx

When I reconsider about Wolfe Line of USD/JPY, I found that another parallel Wolfe Channel upper Line could be drawn up. You will see the latest high (115.59) was on a rejection Daily candle just above the Wolfe Channel upper Line. And Going back to 2011 bottom, there was a Diamond Formation which had a Breakout at 76.52 (by BOJ intervention ). If you calculate...

nikitafx

USD/JPY's purple line was broken but this currency pair used to be recovering most of the time. So I would say possible H&S will be forming soon. Basic trend is upward, however Post-NFP reaction regularity is still working. The Gap should be filled in near future ( within next 10 days I guess ). Nikita FX (climbingfx.jugem.jp )

nikitafx

This is my Future Concept of S&P500 which is now nearly top of 3-(5 )-1. 3-(5 )-2 will be down to 1937 area. And 3-(5 )-3 will be around 2207 which is 1.272 x wave 3-(5 )-1. Later we should expect a Big Wave 4 down to 1774.30 (near Yellow channel bottom) I don't want to calculate wave 5 top at this moment. (possible Double Top at 2207...) Nikita FX (climbingfx.jugem.jp )