AUDJPY "POTENTIAL" clasic wave 4 formation

Here is a the potential classic wave 4 formation. This should thrust down out of the triangle and then bottom and reverse if the assessment is correct. In a classic triangle, each subsequent wave should not exceed the path of the previous wave. and the triangle itself should not at anytime exceed the previous wave 5 termination. There are numerous other triangle-like formations possible however this is the most common one to appear in the wave 4 position.

Yorum:

Well... that pattern was not a developing triangle... Next

Yorum:

This wave did not act as a classic triangle but represents a possible wave 4 non the less. But I still missed it.

Yorum:

This played out as a wave 4 - Just not a classic shape. Moved sharply down and now appears to have bottomed temporarily