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USDJPY: Alternative Scenario and Wave (4) Wave Count

FX:USDJPY   ABD Doları / Japon Yeni
As a follow-up to my previous post(s) on this pair, I want to present an alternative scenario on the wave (4) that this pair is currently in according to my overall wave counts. IN a previous post, I mentioned that I thought this pair was in a wave (iii) of wave (5) down. While that is STILL a good possibility, we must ALWAYS be on the lookout for alternative scenarios BEFORE we get caught with our pants down.

So here, I am showing the wave count IF prices do not decline from the B point line and exceed it and keep going up. If that happens, then likely, wave (4) is NOT finished and we would be looking at a wave (c) of that wave (4). Which should head up in to the next MAJOR SR Structure as shown before possibly reversing back down.

In this scenario, the POTENTIAL bullish crab (green) would also be invalidated. But overall, I remain VERY BEARISH on this pair. Just gotta keep watching that price action to see what's what!

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