It is possible that the Yen and Stock market correction is done!
The impulse wave (12345) drawn would be the ideal sign of trend change.
Of course, it is also possible that we are bouncing in a bigger correction to play out.
But there are plenty of signs that we have bottomed, at least for a this leg.
Lets see how it plays out. I am long a tiny amount now, will add on dips.
Background:
This UJ story starts in early October 2018, with my search for the mythical ''top''
As the down move started, I expected a shallower retrace like this
As the downtrend progressed, I started looking for a ''final leg'' down
Then it seemed we had found a temporary bottom:
But then came the Stock market swoon, so it seemed to need one more leg down yet
Which brings me to the current plan, looking for a clear impulse up off the bottom to signify energy
The impulse wave (12345) drawn would be the ideal sign of trend change.
Of course, it is also possible that we are bouncing in a bigger correction to play out.
But there are plenty of signs that we have bottomed, at least for a this leg.
Lets see how it plays out. I am long a tiny amount now, will add on dips.
Background:
This UJ story starts in early October 2018, with my search for the mythical ''top''

As the down move started, I expected a shallower retrace like this

As the downtrend progressed, I started looking for a ''final leg'' down

Then it seemed we had found a temporary bottom:

But then came the Stock market swoon, so it seemed to need one more leg down yet

Which brings me to the current plan, looking for a clear impulse up off the bottom to signify energy
Nota
Looks for a slight pull back to add to my position again (after closing half as per above). Now watching 113.00 or better yet 112.75 range s3.amazonaws.com/tradingview/snapshots/e/E68ky3nr.pngthe Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.