UPDATE #1: RE-ANALYSIS: USDJPY - What I Am Expecting (HINT: Bear
After the recent price action, I've had to re-adjust the bearish cypher alignment points. The bearish cypher is still present and the ratios valid. Please note the new XABCD points.
It is possible that the Bearish move I spoke about in the previous post may have startled and will end at the completion of the cypher pattern. However, prices can still turn around and complete the larger 4Hr Cypher first before heading down. Personally, I am waiting for prices to pass the B point of the cypher (BAMM Trigger) to confirm this cypher's C point.
If prices do head down to complete the smaller bullish cypher first, then prices could head up to complete the larger cypher later.
It is possible that the Bearish move I spoke about in the previous post may have startled and will end at the completion of the cypher pattern. However, prices can still turn around and complete the larger 4Hr Cypher first before heading down. Personally, I am waiting for prices to pass the B point of the cypher (BAMM Trigger) to confirm this cypher's C point.
If prices do head down to complete the smaller bullish cypher first, then prices could head up to complete the larger cypher later.
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Feragatname
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