I think that CADJPY is forming an ABCDE on the larger structure and the smaller one. The Forcast: Market is to reach -27.00% or -61.80% aka E wave. From there i wish to see an impulse that will break the yellow structure and then consolidate as a downward flag. Only after the downward flag structure is breached i will engage is a Long. Why to wait so long?; 1 ) I...
Before going up I would like to see additional move down and then a break of the entire structure (downward flag). After the break i would like to see some kind of consolidation before buying (if the consolidation doesn't create a buy structure I will not buy). The arrows are the general indication of the direction that i expect that market to move. Comments and...
I think we just had an ABC that will break up (if not it just will become a different structure)/ After that I would like to see a flag pattern before buying. The arrows are just the general direction of the moves that I expect the market to do. Comments are more then welcome