View RSS Feed

TechnoMeter

USD/JPY: Bullish Pattern

Rate this Entry
by , 05-23-2019 at 12:09 PM (1125 Views)
      
   
Name:  usdjpy-d1-metaquotes-software-corp-2.png
Views: 322
Size:  54.3 KB


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.

Name:  usdjpy-w1-metaquotes-software-corp.png
Views: 368
Size:  40.3 KB


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. If this interpretation is correct, then another large rally may begin soon.

more...

Submit "USD/JPY: Bullish Pattern" to Google Submit "USD/JPY: Bullish Pattern" to del.icio.us Submit "USD/JPY: Bullish Pattern" to Digg Submit "USD/JPY: Bullish Pattern" to reddit

Comments