enter sell here. it will turn back from 0.618 level to atleast 0.382 level.
It has turned back from 0.236 fibbo level and now its heading toward 0.5 fibbo level.
Break the triangle and its up to the resistance line.. s.l is few pips below the bottom line.
its will repeat the previous pattern that is from 10 march to 20 march.
Currently usdjpy is heading towards the wave (3) and this wave should be bigger or equal to the wave 1. As an elliott wave rule after completing big wave three it will make wave 4 which will not go below the the wave(4)>micro wave< then its up again..
its currently on a 0.618 fibbo leve. if its not a doubble top it will go up to 147.75 and also its a corrective pattern
Looks like very nice buy.. wick in front of gap and hammer at the bottom. both indicates buy..
0.5 fibbo level at 80.50. sell it to 38.2 level which is at 78.20
after making M shape it will break the top to the resistance then come back to the next support line..
After breaking below it will go up or it can go up without breaking below.