usdjpy short, wave analysis, harmonic bat reversal
A few confirmations for this one
from top left
we have a triple top flat correction
followed by a 5 wave cycle
That was the past...
then we had an ABC corection wave
This completed a bearish bat harmonic pattern
Then a 1st wave down
with a 618 pullback
the second push down has only just begun
about a 14 pip move so far
projection of this second push down
TP 1- 113.05
TP 2- 112.700
from top left
we have a triple top flat correction
followed by a 5 wave cycle
That was the past...
then we had an ABC corection wave
This completed a bearish bat harmonic pattern
Then a 1st wave down
with a 618 pullback
the second push down has only just begun
about a 14 pip move so far
projection of this second push down
TP 1- 113.05
TP 2- 112.700
UsdJpy is in a corrective cycle
what I thought was the 3rd is actually wave C of a corrective pattern.
Some corrective wave cycles simulate actual elliot waves a bit
UsdJpy is still a short to about 113.0
Just updated and published this chart with corrections