On the daily timeframe, it is obvious that the corrective pattern was completed (w-x-y) structure, and the impulse wave has started to unfold, where we are currently is on the wave 3.
The 1hr timeframe count shows us a better view of what is happening in wave 3, where we were able to see that wave(i) of 3 has completed its impulse move(1-2-3-4-5) and now setting for a corrective structure ( possibly a zig zag correction.
SO I am expecting the completion of the correction pattern before resuming my buy on USDJPY as clearly shown on the chart.
The 1hr timeframe count shows us a better view of what is happening in wave 3, where we were able to see that wave(i) of 3 has completed its impulse move(1-2-3-4-5) and now setting for a corrective structure ( possibly a zig zag correction.
SO I am expecting the completion of the correction pattern before resuming my buy on USDJPY as clearly shown on the chart.
Commentaire:
the wave c is now heading to second potential reversal zone as analyzed
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