TradingView
0
All posts from TradingView
TradingView in TradingView,

USD/JPY revised wave image (Nikita FX )

USD/JPY revised wave image (Nikita FX )

Green zone is a Triangle Formation with present wave 3-sub-4. This morning USD/JPY hit 115.86 which looks like a False breakout to me. (If it was a true breakout, we should treat the wave from 114.87 as 3-sub-5 already) Typically wave 3-sub-4 should be bigger than 3-sub-3-4, so more consolidation down should be coming very soon (before Green zone triangle is terminated). 3-sub-4 will be at 113.87 area which makes a Double bottom with 3-sub-3-4 bottom. Then 3-sub-5 will be climbing up to 116.50/90. Big wave 4 will be coming down later to 112 low at least. (If true Triangle breakout will be occurred, Big wave 4 will be coming much earlier) Nikita FX (http://climbingfx.jugem.jp/ )