With a high at 16,175.55 (just below the ideal target at 16.192) I think that wave 2 is in place, but we need a break below support at 15,985 to confirm the top and that wave 3 lower is developing.
The wave 2 rally did become a sharp double zig-zag. Wave c of w became 61.8% of wave a of w , while wave c of y became equal in length to wave a of y.
hi EWS,
ReplyDeleteWhat about the idea of usdjpy on the way forming C estimated ended 103? then continue the downward.