Minimax,
and what do you think on weekly JPY. It seems that weekly is a clue. Current consolidation - what is it? still 4th, or may be 5th already. But if this is 5th can we explain somehow upward action and appearing of new top? Because DiNapoli framework points on possible appearing of new top - daily big butterfly and dynamic pressure on weekly, as we've said... Can we combine somehow this suggestion with EW?
Yes we can, hehe, Obama talking, go above HH..
ps: instead of 3&4 would be much better a&b
It is all about swings..in which TF one find swings and how one understand them..sometimes instead of swing high & swing low on opposite side you see only one swing fractal... like in my Monthly chart, check previous post, swing high labeled 3 has no seen opposite swing low immedatelly but new high swing was established first, I labeld it 3, hidden 4 (mostlx because of time spent in congestion) and 5 as HH...in such cases it is up to ˝you˝ to decide wheater congestion recognized as completed swing or not..
Good example of mess are also lower swings..we have 2 low swings and then we get 1st high swing...I decided that single candle covers all happening behind it and not recognize it as important swing low...this is completely my experience, there is no book available or whatever to confirm I am right or wrong OR how to understand...and bythebook examples are really by the book, hard to find in life..ONLY explanation would be if there is fractal indicatore ok, if not - then not..but I find this no good..
maybe I am wrong not to accept so easy...
Must thank you for asking me...I checked again and improve my insight & picture...not something really important but however..
Look, yes, for sure we can go above 105,43, but it is not my count...
