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U.S. Dollar / Japanese Yen
Short
May 5, 2018
USD/JPY correction coming next week
3
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Elliot outlook
Primary 1
Sub 1 vs. 3= 1.618%
Sub 3 vs. 5= 1.618%
(If the 5th wave is extended this is expected)
Primary 2
A vs. C= .786%
5-3-5 in nature. ("The right look")
Primary 1 vs. 2 retracement 0.618%
ZigZag
Primary 3
Primary 1 vs. 3= 1.618%
Sub 1 vs. 3= 2.618%
Sub 2 is a flat, while sub 4 is a zz.
Primary 4
Expanded Flat
A vs. B= 1.236%
A vs. C= Neared the 1.618%
Primary 5
Primary 3 vs. 5 neared 0.38%
Sub 1 vs. 3= 1.618%
Sub 2 is a ZZ
Sub 4 is a triangle (Contracting).
Sub 3 vs. 5= 0.5%
Nicholas1993Hall
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Nicholas1993Hall
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