USD/JPY what kind of these waves ? (Nikita FX )
First of all, (1), (2), (3),(4), and (5) wave counting is not appropriate because wave (5 )
is already exceeded its length of wave (3): which should be at 113.67 at maximum.
Therefore I concluded this type of wave is major-(A), (B), and (C)
If major-(C) is 1.272 expansion of wave major-(A), major-(C) top will be at 116.42
And also Blue line is major-trend upper line. Daily time lags 872 bars (50 & 52 days) are
equal legs. Which means Nov. 10 will be a possible major-reversal Day....if it won't be breaking
over 116.42 by that Day.
Possible major-reversal target will be at least Fib. 38.2% ret. of whole (A),(B), and (C).
which will be at 110.55.
I would say next major-upward wave up to 124.12 will be after reaching at 110.55 area.
This is only my personal scenario.
Nikita FX (climbingfx.jugem.jp/ )
is already exceeded its length of wave (3): which should be at 113.67 at maximum.
Therefore I concluded this type of wave is major-(A), (B), and (C)
If major-(C) is 1.272 expansion of wave major-(A), major-(C) top will be at 116.42
And also Blue line is major-trend upper line. Daily time lags 872 bars (50 & 52 days) are
equal legs. Which means Nov. 10 will be a possible major-reversal Day....if it won't be breaking
over 116.42 by that Day.
Possible major-reversal target will be at least Fib. 38.2% ret. of whole (A),(B), and (C).
which will be at 110.55.
I would say next major-upward wave up to 124.12 will be after reaching at 110.55 area.
This is only my personal scenario.
Nikita FX (climbingfx.jugem.jp/ )