hi all,
USDJPY chart at weekly tf.
anyone please confirm the end of w4?
...
hi all,
USDJPY chart at weekly tf.
anyone please confirm the end of w4?
...
Sure, the move down I have it as [A]. I didn't bother to subdivide as it is past now... But it is clearly a complex corrective move, 7 overlapping waves down.
The move up, [b], again overlapping so corrective, as expected after all. I think there still is steam to the upside before completing the [b] wave but we are near the end of the correction in both time and price. If the current top is not the final top then I look for 113.3 - a big confluence here.
In terms of time I have August 26 or September 14 as the end of [b] wave. These dates are not final meaning that the [b] wave can finish whenever it wants but if the pattern of the wave, price and time coincide then the chance of a reversal is very very high.
Very impressive,
just curious, how did get the time as august 26 or sep 14?
I don't know where you can find competent Gann tools for MT. I've built my own. If there's enough interest I could open a thread about my findings of Gann cycles inside currencies.
Hi
As you guys know there are different levels of complexity involved in identifying the unfolded (and sometimes even folded!!!) corrective patterns.as a matter of fact if you isolate the motive patterns (impulse and diagonal triangles) the rest will be corrective.
So here is the trouble; identifying and spotting the 3rd and 5th is almost possible by using the peak and divergence of a momentum oscillator.how do you guys spot the end of first wave?which methods do you use to remove the subjectivity from your wave counts?
any sort of assistance would be appreciated.
