AsproTrader

Expanded Flat In Progress ?

Short
EIGHTCAP:USDJPY   U.S. Dollar / Japanese Yen
Last week price completed an Ending Diagonal Pattern Wave (E) @150.773 and began to decline. The high @150.773 was above the previous start of a much larger Wave A decline on the 4-Hour Chart @150.146 03 October, 09:00 EST.
The rapid decline from the Ending Diagonal Wave (E) with a sharp pullback for a minor Wave B appears to have set up for a further decline of an apparent smaller Expanded Flat with a target Wave c Fib Confluence @149.405 and @149.383, and possibly down @149.133 for a much Larger Expanded Flat @149.133.

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