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USDJPY Cyclic lines

FX:USDJPY   Dolar U.S/ Yen Jepun
1846 8 62
To analyze a good pattern, there is many requirement.
1. Clarity
2. Initial trend
3. Volume
4. Uniformity
5. Support/resistance strenght
6. Break out strenght

from all that requirement, i will discuss about uniformity.

Uniformity is how wave perform inside pattern, a good uniformity have a good range between wave, and this analysis model use to analyze time factor.
To analyze uniformity we use cyclic lines, one of the best tools in tradingview.

step by step use cyclic :
1. Cyclic lines is 6th             toolbox tradingview,
2. to use it we have to find two higer low (in bullish ), or two lower low in bearish .
3. draw from low 1 to low 2 to find next low level.
4. everytime price reach cyclic, it will be new low, and this cyclic can perform up to 20 cycle.

In this sample i draw from low 1 to low 2 to find next low. (up to 20 cycle)
As u can see in everytime price reach cyclic lines, it perform support, and touch lowest level price at every cycle.

In this sample,, if USDJPY             still perform a good uniformity, we will reach next cyclic 9 support around 113.049 at Oct.24, 21:00.

If you have any question about this anaysis method, feel free to ask.

Thanks, see u at next education post.
Bye


Video analysis : https://www.youtube.com/goprofitmaxforex
send me PM if any member still not invite to telegram group
http://www.goprofitmax.com
The way this user always project future prices, often only uses short term chart and the cheering by newby traders is very misleading and irresponsible. Good luck giving away your money to the few
Balas
today market open with gap and broken trend line. What this mean? this cancels channel?
Balas
Awesome
Balas
Awesome
Balas
Thx for the clear explanation!
+1 Balas
Its always nice to find someone who is willing to pass on their expertise to us newbies. I had a disastrous Friday losing 10% so will be trying tp play catch-up and will be watching your posts with interest.
Do you trade on rtc if so what name do you use?
+2 Balas
Thanks for the idea, it always opens my mind and eyes to see things differently. Sending love from Hong Kong!
Balas
you're one of the few on Tradingview with good analysis everytime :)
Balas
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