I want to see the price violates BSL to take buy stop within FVG on hourly USD/JPY and how it will react. Will it form the highest probability of the OB that will take SSL?
It shows the monowave to complete the fifth wave extension of the GBP/USD from daily view using scientific notation.
Happy independence day and good luck!
Both a diagonal and a impulse are a motive phase, so a rule is almost the same, but a wave 4 of the diagonal could overlap with its wave 1. It is also not suprised wave 3 of diagonal is the highest. In this case, wave 5 is failed and the link provides the explanation.
The USD/JPY will end with a motive phase with an ending diagonal which only could be 3-3-3-3 pattern subwave. The motive phase is also wave c of a larger degree, which is an expanding flat pattern (3-3-5 subwave), even though retraces far from the wave iv which is only a guideline.
