There is only 2.1% fuel left in the trend according to MIDAS Trading Tools T-B Finder, which is in alignment with Wave Theory. A pullback to MIDAS Curve is now coming into play.
I am making this post to educate on the basics of Cyclical Analysis by Martin Armstrong. I have made my own indicator for MT4, it is available in the MQL5 Market place under "Martin Armstrong Cycles". Benefits of Cycles 1) Reveals the true market order in advance. 2) Provides a road-map in to the future as to what type of move you can expect. 3) Tells you...
USDJPY have made its way to the weekly projection line which is in alignment with monthly cyclical resistance. A pullback from this level is now likely to come in to play.
From a Daily perspective, it looks like US30 have made its 5th Wave Down stopping right on the cycle-channel and MIDAS Curve finishing off wave 5. I think it's fair to say that the price of US30 is likely going to be pushing higher, at least on a short term basis.