⚡USDJPY: 10-year zigzag nearing completion.

2022年10月2日

●● Preferred count
● USDJPY, 🕐TF: 1M

Fig.1

The scenario we wrote about in June of the 21st year has been implemented. As expected, wave b of (x) took the form of a triangle, followed by an increase in prices within wave c. The first target for completing wave c is to achieve equality with wave a.

An alternative scenario in the context of a monthly time period is the probability of complicating the structure of the wave (x) to a triangle, flat or combined correction.
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● USDJPY, 🕐TF: 1D

Fig.2

As you can see from the chart, at the moment the structure of the wave c of (x) is identified as a developing impulse with an extension fifth sub-wave.
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● USDJPY, 🕐TF: 6h

Fig.3

The wave ⑤ probably forms the ending diagonal. To confirm this assumption, it is necessary to enter the price area of wave (1) within the framework of wave (4) without exceeding the wavelength (2), then — to rise within the fifth wave to the top of wave (3).
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●● Alternative count
● USDJPY, 🕐TF: 1M

Fig.4

It is difficult for me to talk about the global targets in terms of price and time that wave ((IV)) can achieve, because I do not have a historical data chart for a longer period. But there is a possibility that the fourth wave of a Grand Supercycle degree in structure was limited to a single zigzag a-b-c. If so, then the subsequent upward zigzag, marked in this example as Ⓐ-Ⓑ-Ⓒ, can be identified as the first wave of the emerging leading diagonal in the direction of the dominant bullish trend.


It should be understood that the red dotted line indicates the probable shape of the model, does not predict time and price targets if the calculation does not have the appropriate markings.

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