Euro / Japanese YenShort
EUR/JPY target of wedge breakdown already met (Nikita FX )
This Chart shows us how my prediction of wedge breakdown worked.
The target of wedge breakdown was already met, so it is now on counter-rally.
However wave (128.22 to 122.55) has internal 3 waves structure which should be called
initial larger wave W and present counter rally would be a corrective wave X.
Therefore next larger wave Y would be much more downside.
If 124.23 won't be breached, the target will be 118.56 (1.272 extension could be 117.02 ) .
Nikita FX (climbingfx.jugem.jp/ )
The target of wedge breakdown was already met, so it is now on counter-rally.
However wave (128.22 to 122.55) has internal 3 waves structure which should be called
initial larger wave W and present counter rally would be a corrective wave X.
Therefore next larger wave Y would be much more downside.
If 124.23 won't be breached, the target will be 118.56 (1.272 extension could be 117.02 ) .
Nikita FX (climbingfx.jugem.jp/ )
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.