trkgrant

usdjpy short, wave analysis, harmonic bat reversal

trkgrant Atualizado   
FX:USDJPY   Dólar Americano/Iene Japonês
A few confirmations for this one

from top left
we have a triple top flat correction
followed by a 5 wave cycle
That was the past...

then we had an ABC corection wave
This completed a bearish bat harmonic pattern

Then a 1st wave down
with a 618 pullback

the second push down has only just begun
about a 14 pip move so far

projection of this second push down
TP 1- 113.05
TP 2- 112.700
Comentário:
upon further analysis
UsdJpy is in a corrective cycle
what I thought was the 3rd is actually wave C of a corrective pattern.
Some corrective wave cycles simulate actual elliot waves a bit

UsdJpy is still a short to about 113.0

Just updated and published this chart with corrections
Aviso legal

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