YEN is about to get really interesting …

CLIFF NOTES: 99.40-99.80 is where we “should” see some support come in … take a review at the charts below.  as you can see we have finished 5 waves up at the 105.40 handle.  (note, see this chart below as the 5th wave was completing we were calling for it) so, since we have finished 5 waves up we are either at a 1 w/ 3,5 up to come and we are tracing out 2…or we just did an A and now we are correcting B for a C wave UP.  Also note, we are a couple days (max) away from the same amount of TIME that the triangle shown below formed and completed.  So … it’s going to get interesting, to say the least.  Personally, I wish this pattern was completing lower as the DEPTH of the correction isn’t as big as I would think but is that a sign of the overarching bullishness? hard to say ..but from a TIME perspective we are finishing up the same amount as the triangle.  Keep an eye on this one ….

Here’s is the TOP (real time):

JPY top at 105.40

JPY top at 105.40

here’s a revisit of the long term picture and then, finally, the DAILY pattern that is forming:

Long Term Monthly Picture

Long Term Monthly Picture

WEEKLY

WEEKLY

 

Daily Pattern Completing a little LOWER

Daily Pattern Completing a little LOWER

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: