We are tracking a bullish 5-3 wave pattern for USD/JPY. This is where you have a 5 wave motive wave to start a new trend followed by a three wave partial retracement. The motive wave began on January 2, 2019 and carried to March 5, 2019. From there, a sideways flat pattern carved in three waves labeled (a)-(b)-(c). The wave structure from the May 13 low appears to be a leading diagonal pattern. ...
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Market Phase Index MT4 - indicator for MetaTrader 4 and Market Phase Index MT5 - indicator for MetaTrader 5 ---------------- Indicator to determine the trend and flat market based on the amplitude of the price and the intersection of bars. If the indicator values are higher than 0.4, it is recommended to trade based on trend strategies.If the indicator values below 0.4 - recommended trading based ...