Looks like USDJPY is going to make a basic impulse move of five waves up.
It should be taken into account that wave 4 has been in the wave 1 territory, so there is a possibility that wave 5 will be ending diagonal. However, this overlapping is not a assumption for a ending diagonal.
For now, we will have to wait.
Note: In this last wave up i'am hoping to see that this fifth wave is going to provide divergence against the peak of wave three.
It should be taken into account that wave 4 has been in the wave 1 territory, so there is a possibility that wave 5 will be ending diagonal. However, this overlapping is not a assumption for a ending diagonal.
For now, we will have to wait.
Note: In this last wave up i'am hoping to see that this fifth wave is going to provide divergence against the peak of wave three.
Note
Never try to put an analysis to your hand. It is correct or it is not correct. This idea is no longer valid and therefore expires.
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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.