USDJPY. Looks like we have first impulse up and correction

Hi there!

I was waiting if we have finished down. If this count is correct then we will have upside move soon.
It can be wave X up or wave 1 of 5 in large impulse.

Best wishes!

Kommentera:

Hello friends!

I examined waves on lower time frame and have to admit that it's not 5-wave impulse model.
It's an ABC zigzag model.
But idea still valid even if we dip lower then the bottom of wave A as it can be expanded flat.
Focus on white A peak - break of it to the upside will confirm that we are in wave X up.

Kommentera:

*Focus on YELLOW (A) peak. Sorry mistype.