This is a very clear ''MegaPhone'' pattern on the UJ hourly.
And each move is a 5 -wave impulse in opposite directions.
Normally a 5w impulse should be followed by a 2 wave ( abc ) correction.
But impulses in both directions in an expanding range is unusual.
I think there is some MAJOR volatility coming.
Or maybe it just wimpers out, let see.
And each move is a 5 -wave impulse in opposite directions.
Normally a 5w impulse should be followed by a 2 wave ( abc ) correction.
But impulses in both directions in an expanding range is unusual.
I think there is some MAJOR volatility coming.
Or maybe it just wimpers out, let see.
Note
Possible pathway for MegaFone expansion Note
WOW, those original trendlines that formed the megaphone pattern really did cause a Tsunami, only 3.6 months later in a flash crash 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.