USDJPY: Leg C of bull zigzag or leg C of larger bear zigzag
The chart tells my idea at the consolidation box where we can find:
1/ Bull case: Buyer try to push price higher but we cannot find an impulse wave. We don't know if wave C ended or not because we cannot count 5 waves structure of wave C here.
2/ I refer this case, Bear: I can found an overlap at pink square, that implies this not an impulse wave. So, I will wait for the end of current wave and short the next wave down. The next wave should be wave C.
We can find price bounced at the junction of 2 PK and RIS divergence are other confirmation for an Bear.
Wait and see!
1/ Bull case: Buyer try to push price higher but we cannot find an impulse wave. We don't know if wave C ended or not because we cannot count 5 waves structure of wave C here.
2/ I refer this case, Bear: I can found an overlap at pink square, that implies this not an impulse wave. So, I will wait for the end of current wave and short the next wave down. The next wave should be wave C.
We can find price bounced at the junction of 2 PK and RIS divergence are other confirmation for an Bear.
Wait and see!
