The market is correcting, then how powerful is the bear market?
Hi guys
Good night everyone, thank you for your support, I hope you had a good week
US dollar = Japanese yen
From the starting price point of 151.946 we have a strong impulse pattern that has ended and is now correcting.
It seems to be a flat pattern and it can become any other corrective pattern or continue the downward trend
But I labeled (A,B,C) because I think it is a zigzag pattern and it will go down once again to complete wave (C) equal to wave (A) and then resume the bull market.
Similarly, if the bears become stronger, the downward trend will continue
Good luck my friends!
Be patient with your trading
Good night everyone, thank you for your support, I hope you had a good week
US dollar = Japanese yen
From the starting price point of 151.946 we have a strong impulse pattern that has ended and is now correcting.
It seems to be a flat pattern and it can become any other corrective pattern or continue the downward trend
But I labeled (A,B,C) because I think it is a zigzag pattern and it will go down once again to complete wave (C) equal to wave (A) and then resume the bull market.
Similarly, if the bears become stronger, the downward trend will continue
Good luck my friends!
Be patient with your trading
