USDJPY started wave C up in 2016. I have been trying to map the five-wave advance since. Wave 4 was a long, winding triangle that wasted a lot of time. At points it looked like an ED. Now, finally, we have a 5th wave coming out of it that has ended in the Fibonacci cluster for a truncated wave 5 of C. Till new evidence challenges this view, we should consider a top in the contract. The DSI also reached 9%, which shows extreme pessimism against the Yen.
The Truth About The Markets: SEBI Research Analyst - INH000023630
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The Truth About The Markets: SEBI Research Analyst - INH000023630
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.