BUY WAVE 5 for GBPJPY (ELLIOT WAVE)
MAJOR TIMEFRAME
In the major timeframe GJ seems to have completed a 5 wave move down and currently in the process of completing its corrective structure which seems to be unfolding as a FLAT. Within that expected FLAT structure we seem to have completed its 3 Wave LEG A followed by 3 Wave LEG B and now we are in the process of completing its 5 Wave LEG C. That subsequently will complete the Flat and the corrective structure as a whole.
MINOR TIMEFRAME
As mentioned above we are currently in the LEG C of the FLAT corrective structure. We expect the LEG C to unfold in a 5 wave up pattern. Within that 5 wave up movement we are currently completing the its WAVE 1. Dropping down even further we are actually in the final wave for WAVE 1 which is the minor wave 5. Once we complete this minor wave 5 subsequently ending WAVE 1 in the major timeframe we would then be seeing a sharp drop for Wave 2 In the major timeframe.
In the major timeframe GJ seems to have completed a 5 wave move down and currently in the process of completing its corrective structure which seems to be unfolding as a FLAT. Within that expected FLAT structure we seem to have completed its 3 Wave LEG A followed by 3 Wave LEG B and now we are in the process of completing its 5 Wave LEG C. That subsequently will complete the Flat and the corrective structure as a whole.
MINOR TIMEFRAME
As mentioned above we are currently in the LEG C of the FLAT corrective structure. We expect the LEG C to unfold in a 5 wave up pattern. Within that 5 wave up movement we are currently completing the its WAVE 1. Dropping down even further we are actually in the final wave for WAVE 1 which is the minor wave 5. Once we complete this minor wave 5 subsequently ending WAVE 1 in the major timeframe we would then be seeing a sharp drop for Wave 2 In the major timeframe.
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