The diagonal has undergone well-defined 4 sub-waves and waiting to form the last sub-wave 5.
After the sub-wave 5, there can be a high possibility that it will reverse into a new trend down.
This diagonal appears like a descending triangle too.
Monday, June 2, 2014
EURJPY EuroYen pair looking to reverse uptrend with 5-waves wedge
After correction at wave 3, in the form of a triangle, wave 4 concluded and proceeded to form a wave 5 ending diagonal.
The diagonal has undergone well-defined 4 sub-waves and waiting to form the last sub-wave 5.
After the sub-wave 5, there can be a high possibility that it will reverse into a new trend down.
This diagonal appears like a descending triangle too.
The diagonal has undergone well-defined 4 sub-waves and waiting to form the last sub-wave 5.
After the sub-wave 5, there can be a high possibility that it will reverse into a new trend down.
This diagonal appears like a descending triangle too.
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