Euro/Yen Bullish Triangle Correction

2018년 4월 12일

After the bullish 5 wave pattern,
it looks a little bit like a
corrective triangle pattern
has begun to form.

D Wave.
With the completion of
a double top pattern
at the 136 zone,
the D wave of
the triangle pattern
will have met its
61.8% Fib Level requirement
along the triangle trendline.

E Wave

The location of the projected
61.8% retracement from the
D Wave endpoint seems logical
because that is where price
can be expected to run out of
momentum

Only time will tell