One year later of USD/JPY (IV)
It
seems to be progressed by the CORECTIVE wave
for the time being, more than a half year even a year.
You would better take a positon only for
downtrend for 6~12 months after that
It seems rebound again for uptrend
And means that the macro view of the wave
in monthly chart scale is not dead rather keeping going on the uptrend
For 6 month I wish you not to expect it is
going to “UP”
Today’s issue are, if so, what the level of
price will be supported?
Yes!
It is a meaningful question
The answer is the 10 ma ( 10 month moving
average line)
Let us see more details about the chart
Monthly
chart of USD/JPY
①
is “V” signal of Bollinger band
which I recommend you to wait. Now it is the shape of what I expected
②
is the dead cross signal of Stochastic
I recommend you to wait. Now it is the shape of what I expected but insufficient
( I have required the bellow 80% of the overbought)
③
is 1 or 3 impulse wave ( never
mind! It is only “name it”)
④
is 3 or 5 impulse wave ( never
mind! It is only “name it”) but the most
meaningful of the③ and ④ are not just name. Rather it is a significant
of “the size of wave and it’s equivalently copy of the wave, so to speak, it is
proportional size of “③ = ④”
Don’t you think it is not same size of the wave? And then it is not reasonable conclusion
of the corrective wave?
⑤
is the 10 month moving average(10ma)
which should be acted as supported line when it is the end of corrective wave
see more details of it and comprehend it’s
history of my blog
Von voyage!
