usdjpy
I read this move up as Flat 2ED done, Daily would really surprise me with break above with much higher potential or even completely 5 waves and 1st is in place...no,no,no...not acceptable to me!
Current move down I see as Leading diagonal wave a (or 1) in progress and 50% is minimum target, could go lower as drawn and then retrace and form H&S b wave peak..
As Sive says, retrace from 50 and lower could really be bottom of something, maybe triangle, lot depends on this move down and accepting structure of first move up in 2ED..to me not likely to happen so far..
Good trading!
I read this move up as Flat 2ED done, Daily would really surprise me with break above with much higher potential or even completely 5 waves and 1st is in place...no,no,no...not acceptable to me!
Current move down I see as Leading diagonal wave a (or 1) in progress and 50% is minimum target, could go lower as drawn and then retrace and form H&S b wave peak..
As Sive says, retrace from 50 and lower could really be bottom of something, maybe triangle, lot depends on this move down and accepting structure of first move up in 2ED..to me not likely to happen so far..
Good trading!