A few confirmations for this one
from top left
we have a triple top flat correction
followed by a 5 wave cycle
That was the past...
then we had an ABC corection wave
This completed a bearish bat harmonic pattern
Then a 1st wave down
with a 618 pullback
the second push down has only just begun
about a 14 pip move so far
projection of this second push down
TP 1- 113.05
TP 2- 112.700
from top left
we have a triple top flat correction
followed by a 5 wave cycle
That was the past...
then we had an ABC corection wave
This completed a bearish bat harmonic pattern
Then a 1st wave down
with a 618 pullback
the second push down has only just begun
about a 14 pip move so far
projection of this second push down
TP 1- 113.05
TP 2- 112.700
Note
upon further analysisUsdJpy is in a corrective cycle
what I thought was the 3rd is actually wave C of a corrective pattern.
Some corrective wave cycles simulate actual elliot waves a bit
UsdJpy is still a short to about 113.0
Just updated and published this chart with corrections
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Disclaimer
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.