PacmanTA

PacmanTA

Although we could make another low, the last upmove looks like some sort of a leading diagonal. The downmove doesnt look really sharp right now. Buying the breakout for a c-wave at least seems a good idea. Maybe this is the start of total upside.

PacmanTA

I expect this down move to end soon. Trade it according to your strategy. More details in chart.

PacmanTA

USDJPY is making a correction to the downside. It looks like we are about to start the second leg of the X-wave of a WXY going to the downside. The equal legs for C of X match nicely with the 0.618 retracement of the W-wave down. So this is a possible target for a start of the Y-wave. Good luck to anyone!

PacmanTA

The current down move might be ending soon. If i see a corrective up move, i will sell the breakout for one more move down.

PacmanTA

you probably know why :)

PacmanTA

maybe we end the upmove like that before a correction.

PacmanTA

This is my count for gold. A buy with the breakout or near the invalidation seems a good idea.

PacmanTA

this looks more downside on this pair. There are two waves up showing divergence already.

PacmanTA

i'm expecting a short term move to the daily Trendline, then an impulse down. After that an Impulse up in the c-wave of Y.

PacmanTA

That upmove looks corrective. Divergence is in play. I expect a drop at least to the last low.