USDJPY- 1300 Pips- Triangle or Flat -Same Result

2016年11月20日

It comes to me as no surprise as an elliottician when I published USDJPY report showing triangle which turned into a flat correction, which is 3-3-5 wave sequence because the end result was supposed to bloom. An up move of 1000 pips in the UJ- Amazing.

Running or Current Analysis-
UJ- Imporatbce of Support & Resistance-109.75

Is 109.75-- will 3rd wave end? - We caught the move very close to 109.75 at 109.55 - went to 108.55 & moving above 108.80- I was bit cautious & suggested that UJ could move close to 109.75 & moving above 109.75 -its trading at new high@110.95

The triangle which turned into Flat correction- Market is dynamic so it evolved into flat result was same- how does it matters - we were looking big upside move- which is opening up as expected