Looking to catch wave 3 (purple) short for a big move down. Pink XABCD pattern is not a strict harmonic pattern but I like the confluence of the 1.414 and 2.24 fib levels near the 0.618 retracement of wave 1. Blue pattern is potential crab.
Will go short at the level marked by the pink box if the shark pattern completes. Expecting wave 4 (purple) to complete around the 0.382 retracement of wave 3
Looking for a move down as part of the D wave (black) of a larger ABCDE triangle pattern. There is a potential leading diagonal marked with the trendlines. Will aim to enter off the completion of a Shark pattern
Looking for a short when the cypher pattern completes as I do not believe the larger wave 4 (black) is complete yet. I will be aiming for the 0.382 retracement of wave 3 (black).
The elliot wave count is a bit messy on this one as we are in the middle of a long complex correction so I will be primarily looking at it from a harmonic pattern perspective. Potential short opportunity when the blue bearish Gartley completes, targeting the area where the purple bullish Gartley would complete
Potential forecast for USDJPY,we appear to be approaching the end of wave iii (purple). Opportunity to short after wave iv (purple) to enter wave v (purple).
