neo8175

neo8175

Another possible outcome. Wave b of abc pattern to 136.5

neo8175

I don't we are done yet. Saw rejection at 134.5-7 area. Believe that was the end of wave 4. Will finish wave 5 around 126-127 region.

neo8175

We are now in b wave of larger abc correction within a parallel channel. Final target is 136.5-137.

neo8175

Is this still on the table after the sharp decline.

neo8175

So far hitting fib retracements levels for wave 2.

neo8175

Wave A hit the .236 fib tracement. Looking for a small correction for Wave B to 136-137, then Wave C to .382 fib area (125-126) for completion of ABC correction.

neo8175

Head and shoulders formation for USDJPY pair short term.

neo8175

ABC Correction to the 136.5-137 area based on trendline and 1:1 fib extension.

neo8175

symmetrical triangle forming. target 102.5 - 102.8 for wave C on the 12 hr chart previously bounced off the 100ema several times.

neo8175

Left time frame is 2 hr chart (June 9, 2020) Right time frame is 2 hr chart (June 9, 2022)