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Sell the breakdown

  • Elliott wave analysis:
    Indicators: trend lines
    there is a abc-X-abc of big flag pattern.

  • wait the price to break down the trend line to sell.
    TP is near the up trend line(red colour) of big picture.
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This is a good position to sell!

like the chart, we are in a down trend channel, and the price near the trend line by flat pattern. it looks like a wave 4, if it is right then sell it is a good idea. if it is not then we need wait the price beakeup the trend line and pullback trend line to buy.
good luck for you!
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Sell USDJPY to 0.618

  • Elliott wave analysis:
    Indicators: MACD(12,26,9)
    like the picture, we are in a big ZigZag wave after impulse wave. and the wave C of ZigZag is a-b-c, the wave b is a Triangle,i think it is over right, then the last wave c is wait for us, so are you redy?

  • TP
    Indicators: Fibonacci Ratios, trend line
    61.8% Retracement of Impulse Wave and weekly up trend line is106.5.
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Wait breakup to buy, TP is 84.5

  • Left side analysis:
    indicators: MACD(12,26,9), price patterns.
    please look the below pictrue, the MACD is devergence with down trend and there is a failed wave 5(use the time to deplete the price space.).
    so this tell me that the down trend has end.

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