OleksandrSnitko
Short

USDJPY wave analysis (still inside BEARISH correction pattern)

OANDA:USDJPY   US-Dollar / Japanischer Yen
371 views
13
371 4
Wave 4 is ABC flat (3-3-5) pattern(yellow)
Wave C(yellow) is (1)-(2)-(3)-(4)-(5) (blue)
Wave (1) inside wave C is an extension.
ABC (blue) is wave (2) inside wave C(yellow)
close look at wave3(green)
Major SELL targets are:
111.56 - 38.2% retracement of wave 3(yellow) and 61.8% of wave (1);
109.23 - 100% of wave (1) and 361.8% of wave A(yellow);
107.18 - 61.8% retracement of wave 3 (yellow)
usdjpy still needs correction to move up.
major wave 2(yellow) was lasting for 2 months.
current wave 4(yellow) started on 15 december.
keep an eye on wave structure and major wave breakouts.
it still looks bearish .
market realized that Trump was not joking.
"trump rally" is over.
Trade ist aktiv:
Trade wurde manuell geschlossen: 1st SELL target is reached 111.56 (actual price was 111.59) - 38.2% retracement of wave 3(yellow) and 61.8% of wave (1);

nice point to cover profits.
next sell targets are:
109.23 - 100% of wave (1) and 361.8% of wave A(yellow);
107.18 - 61.8% retracement of wave 3 (yellow) .
Kommentar: possible wave count.
maybe entire correction(bear market) is already done at 38.2% retracement of 27sep-15dec bull market.
bear market(wave 4) = 61.8% of bull market(wave 3) in time. (yellow)
wave(4) = 38.2% of wave(2) in time. (blue)
great chart
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@lackjunkie, thank u
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Thanks for your analysis mate and Good luck!
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OleksandrSnitko Trader_Dale
@Trader_Dale, u're welcom
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