Elliott Wave View: USDJPY Looking for Double Correction

Elliottwave_Forecast

Elliott Wave View: USDJPY Looking for Double CorrectionOctober 28, 2022ByEWFHendra

Short Term Elliott Wave structure of USDJPY shows a 5 swing sequence from 10.21.2022 high. This suggests the decline can extend lower into a 7 swingdouble three structure. Rally to 10.21.2022 high at 151.94 ended wave (3). Pullback in wave (4) is in progress with subdivision as a double three Elliott Wave structure. Down from wave (3), wave ((a)) ended at 146.15, rally in wave ((b)) ended at 149.71, and wave ((c)) lower ended at 145.37. This completed wave W.

Corrective rally in wave X ended at 149.44 and the pair has resumed lower. Wave Y is now in progress as a zigzag structure. Down from wave X, wave (i) ended at 148.24, and rally in wave (ii) ended at 149.24. Pair resumes lower in wave (iii) towards 145.88 and wave (iv) ended at 146.39. Final leg wave (v) ended at 145.08 which completed wave ((a)). Wave ((b)) rally is in progress to correct cycle from 10.24.2022 high in 3, 7, or 11 swing before the decline resumes. Near term, as far as pivot at 149.44 holds, expect rally to fail for further downside towards 141.3 – 142.8 area to end wave (4). This area, if reached, should see buyers for the next leg higher.

USDJPY 60 Minutes Elliott Wave Chart

USDJPY 60 Minutes Elliott Wave Chart

USDJPY Elliott Wave Video

https://youtu.be/gPuEDP29ndg

Source:https://elliottwave-forecast.com/news/elliott-wave-view-usdjpy-looking-double-correction/

Forex Trading Group

Welcome to share your thoughts on forex trading here!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

BurLInG
2022-10-30
BurLInG
Ya
jieke89
2022-10-28
jieke89
Oo
GinOng
2022-10-28
GinOng
Noted
CCHH
2022-10-28
CCHH
👍
Alaw
2022-10-28
Alaw
[Miser]
Alaw
2022-10-28
Alaw
[Miser]

Leave a comment

15

12

1

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":9986650103,"tweetId":"9986650103","gmtCreate":1666948298503,"gmtModify":1676537837307,"author":{"id":4113409820866582,"idStr":"4113409820866582","authorId":4113409820866582,"authorIdStr":"4113409820866582","name":"Elliottwave_Forecast","avatar":"https://community-static.tradeup.com/news/c00ab1fc45e212abf00117a41ad8354f","vip":5,"userType":5,"introduction":"Elliott Wave Forecasts of 78 markets.","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":8952,"starInvestorFlag":false},"themes":[{"themeId":"bf1a28e035f04a4fa32bc8b07d209d35","categoryId":"7a15628ce2174325bddc6229505e0d70","name":"Forex Trading Group","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":bf1a28e035f04a4fa32bc8b07d209d35}&rnconfig={\"headerBarHidden\": true}","description":"Welcome to share your thoughts on forex trading here!","image":"https://community-static.tradeup.com/news/a9a9a749decc7b3c206a04eb19f34e2e"}],"images":[{"img":"https://community-static.tradeup.com/news/f015fce64c18b7d6b88320595a0fa387","width":"632","height":"324"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/f015fce64c18b7d6b88320595a0fa387","width":"632","height":"324"}],"title":"Elliott Wave View: USDJPY Looking for Double Correction","html":"<html><head></head><body><p>Elliott Wave View: USDJPY Looking for Double CorrectionOctober 28, 2022ByEWFHendra</p> <p>Short Term Elliott Wave structure of USDJPY shows a 5 swing sequence from 10.21.2022 high. This suggests the decline can extend lower into a 7 swingdouble three structure. Rally to 10.21.2022 high at 151.94 ended wave (3). Pullback in wave (4) is in progress with subdivision as a double three Elliott Wave structure. Down from wave (3), wave ((a)) ended at 146.15, rally in wave ((b)) ended at 149.71, and wave ((c)) lower ended at 145.37. This completed wave W.</p> <p>Corrective rally in wave X ended at 149.44 and the pair has resumed lower. Wave Y is now in progress as a zigzag structure. Down from wave X, wave (i) ended at 148.24, and rally in wave (ii) ended at 149.24. Pair resumes lower in wave (iii) towards 145.88 and wave (iv) ended at 146.39. Final leg wave (v) ended at 145.08 which completed wave ((a)). Wave ((b)) rally is in progress to correct cycle from 10.24.2022 high in 3, 7, or 11 swing before the decline resumes. Near term, as far as pivot at 149.44 holds, expect rally to fail for further downside towards 141.3 – 142.8 area to end wave (4). This area, if reached, should see buyers for the next leg higher.</p> <h2>USDJPY 60 Minutes Elliott Wave Chart</h2> <p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f015fce64c18b7d6b88320595a0fa387\" tg-width=\"632\" tg-height=\"324\"><span>USDJPY 60 Minutes Elliott Wave Chart</span></p> <h2><br></h2> <h2>USDJPY Elliott Wave Video</h2> <p>https://youtu.be/gPuEDP29ndg</p> <p>Source:https://elliottwave-forecast.com/news/elliott-wave-view-usdjpy-looking-double-correction/</p></body></html>","htmlText":"<html><head></head><body><p>Elliott Wave View: USDJPY Looking for Double CorrectionOctober 28, 2022ByEWFHendra</p> <p>Short Term Elliott Wave structure of USDJPY shows a 5 swing sequence from 10.21.2022 high. This suggests the decline can extend lower into a 7 swingdouble three structure. Rally to 10.21.2022 high at 151.94 ended wave (3). Pullback in wave (4) is in progress with subdivision as a double three Elliott Wave structure. Down from wave (3), wave ((a)) ended at 146.15, rally in wave ((b)) ended at 149.71, and wave ((c)) lower ended at 145.37. This completed wave W.</p> <p>Corrective rally in wave X ended at 149.44 and the pair has resumed lower. Wave Y is now in progress as a zigzag structure. Down from wave X, wave (i) ended at 148.24, and rally in wave (ii) ended at 149.24. Pair resumes lower in wave (iii) towards 145.88 and wave (iv) ended at 146.39. Final leg wave (v) ended at 145.08 which completed wave ((a)). Wave ((b)) rally is in progress to correct cycle from 10.24.2022 high in 3, 7, or 11 swing before the decline resumes. Near term, as far as pivot at 149.44 holds, expect rally to fail for further downside towards 141.3 – 142.8 area to end wave (4). This area, if reached, should see buyers for the next leg higher.</p> <h2>USDJPY 60 Minutes Elliott Wave Chart</h2> <p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f015fce64c18b7d6b88320595a0fa387\" tg-width=\"632\" tg-height=\"324\"><span>USDJPY 60 Minutes Elliott Wave Chart</span></p> <h2><br></h2> <h2>USDJPY Elliott Wave Video</h2> <p>https://youtu.be/gPuEDP29ndg</p> <p>Source:https://elliottwave-forecast.com/news/elliott-wave-view-usdjpy-looking-double-correction/</p></body></html>","text":"Elliott Wave View: USDJPY Looking for Double CorrectionOctober 28, 2022ByEWFHendra Short Term Elliott Wave structure of USDJPY shows a 5 swing sequence from 10.21.2022 high. This suggests the decline can extend lower into a 7 swingdouble three structure. Rally to 10.21.2022 high at 151.94 ended wave (3). Pullback in wave (4) is in progress with subdivision as a double three Elliott Wave structure. Down from wave (3), wave ((a)) ended at 146.15, rally in wave ((b)) ended at 149.71, and wave ((c)) lower ended at 145.37. This completed wave W. Corrective rally in wave X ended at 149.44 and the pair has resumed lower. Wave Y is now in progress as a zigzag structure. Down from wave X, wave (i) ended at 148.24, and rally in wave (ii) ended at 149.24. Pair resumes lower in wave (iii) towards 145.88 and wave (iv) ended at 146.39. Final leg wave (v) ended at 145.08 which completed wave ((a)). Wave ((b)) rally is in progress to correct cycle from 10.24.2022 high in 3, 7, or 11 swing before the decline resumes. Near term, as far as pivot at 149.44 holds, expect rally to fail for further downside towards 141.3 – 142.8 area to end wave (4). This area, if reached, should see buyers for the next leg higher. USDJPY 60 Minutes Elliott Wave Chart USDJPY 60 Minutes Elliott Wave Chart USDJPY Elliott Wave Video https://youtu.be/gPuEDP29ndg Source:https://elliottwave-forecast.com/news/elliott-wave-view-usdjpy-looking-double-correction/","highlighted":1,"essential":2,"paper":2,"likeSize":12,"commentSize":15,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/9986650103","repostId":0,"isVote":1,"tweetType":1,"viewCount":66760,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1205,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":104581140,"commentId":"104581140","gmtCreate":1667131101910,"gmtModify":1667131105494,"authorId":3580339154925656,"author":{"id":3580339154925656,"idStr":"3580339154925656","authorId":3580339154925656,"name":"BurLInG","avatar":"https://static.tigerbbs.com/eb3667a79457c78c526aa590dbae3901","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9986650103,"objectIdStr":"9986650103","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Ya</span>","text":"<span class=\"s1\">Ya</span>","html":"<span class=\"s1\">Ya</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":104552587,"commentId":"104552587","gmtCreate":1666952531362,"gmtModify":1666952534577,"authorId":3574149444273582,"author":{"id":3574149444273582,"idStr":"3574149444273582","authorId":3574149444273582,"name":"jieke89","avatar":"https://static.tigerbbs.com/975f377c0493305efe04f937d20c3961","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9986650103,"objectIdStr":"9986650103","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Oo</span>","text":"<span class=\"s1\">Oo</span>","html":"<span class=\"s1\">Oo</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":104552582,"commentId":"104552582","gmtCreate":1666952490155,"gmtModify":1666952493802,"authorId":3585489224255758,"author":{"id":3585489224255758,"idStr":"3585489224255758","authorId":3585489224255758,"name":"GinOng","avatar":"https://static.tigerbbs.com/dbc4f4af938fe9cbc71173da2486f50b","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9986650103,"objectIdStr":"9986650103","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Noted</span>","text":"<span class=\"s1\">Noted</span>","html":"<span class=\"s1\">Noted</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":104552578,"commentId":"104552578","gmtCreate":1666952477147,"gmtModify":1666952480255,"authorId":3582028323518189,"author":{"id":3582028323518189,"idStr":"3582028323518189","authorId":3582028323518189,"name":"CCHH","avatar":"https://static.tigerbbs.com/1b76ba5082fef7af25e69ffdb570b715","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9986650103,"objectIdStr":"9986650103","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"👍","text":"👍","html":"👍","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":104552572,"commentId":"104552572","gmtCreate":1666952462139,"gmtModify":1666952465228,"authorId":3584139600168327,"author":{"id":3584139600168327,"idStr":"3584139600168327","authorId":3584139600168327,"name":"Alaw","avatar":"https://community-static.tradeup.com/news/bc03050d6071c04866678dc3471c4333","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9986650103,"objectIdStr":"9986650103","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">[Miser]</span>","text":"<span class=\"s1\">[Miser]</span>","html":"<span class=\"s1\">[Miser]</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":104552568,"commentId":"104552568","gmtCreate":1666952440360,"gmtModify":1666952443998,"authorId":3584139600168327,"author":{"id":3584139600168327,"idStr":"3584139600168327","authorId":3584139600168327,"name":"Alaw","avatar":"https://community-static.tradeup.com/news/bc03050d6071c04866678dc3471c4333","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9986650103,"objectIdStr":"9986650103","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">[Miser]</span>","text":"<span class=\"s1\">[Miser]</span>","html":"<span class=\"s1\">[Miser]</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9986650103"}