Major Timeframe
For USDJDY we seem to be in a Corrective phase after an impulsive move to the upside. The corrective structure seems to be unfolding in a FLAT pattern . Within the FLAT structure we seem to be in its second wave which is LEG B. Based on elliot's wave theory a flat takes form in a (3-3-5) pattern. And the 3 wave pattern formed are usually Zig-Zags
Minor Timeframe
As mentioned above we are currently in the LEG B of the flat pattern. Looking at whats formed it seems to be doing a zig-zag pattern for LEG B. Within the Zigzag pattern we are currently in its final wave which is LEG C. This LEG C should unfold in a 5 wave movement up. Within the expected 5 waves movement up for LEG C of the zig-zag we are currently completing the 3rd Wave. Wave 3 seems to be unfolding as a diagonal movement. Based on the diagonal we should see a small drop for its Wave D before moving up to complete Wave E. This would then complete the entire Wave3. After that we may see a small retracement for Wave 4 before shooting higher again for the final 5th wave of the zigzag.
For USDJDY we seem to be in a Corrective phase after an impulsive move to the upside. The corrective structure seems to be unfolding in a FLAT pattern . Within the FLAT structure we seem to be in its second wave which is LEG B. Based on elliot's wave theory a flat takes form in a (3-3-5) pattern. And the 3 wave pattern formed are usually Zig-Zags
Minor Timeframe
As mentioned above we are currently in the LEG B of the flat pattern. Looking at whats formed it seems to be doing a zig-zag pattern for LEG B. Within the Zigzag pattern we are currently in its final wave which is LEG C. This LEG C should unfold in a 5 wave movement up. Within the expected 5 waves movement up for LEG C of the zig-zag we are currently completing the 3rd Wave. Wave 3 seems to be unfolding as a diagonal movement. Based on the diagonal we should see a small drop for its Wave D before moving up to complete Wave E. This would then complete the entire Wave3. After that we may see a small retracement for Wave 4 before shooting higher again for the final 5th wave of the zigzag.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.