This Chart shows how USD/JPY reacts along these important 4 Lines:
1. --79.75--101.67 Line(Wolfe Line) is now Strongest Resistance Line and making bearish Green Flag
which was already broken down.(its target: 114.48 has not yet met )
2. --160.20--147.66 Line (ex-Longest Resistance Line) is now acting as Minor-Resistance Line (That's
why Triangle (looks like) consolidation continued. If Closing above this Line, it goes the Flag bottom
line.
3. --77.43--101.50 Line is Final supportive upward Trend Line, however it won't work after Crossing with
No.2 Line (approx. Mid-Jan. 2016)
4. --147.66--124.13 Line was turned into Strongest Supportive Line in case of breakdown thru No. 3 Line.
Therefore Time is ticking....eg. If we won't have 3rd BOJ easing on Halloween (this year), or US's QE4,
USD/JPY is going deep into the No. 4 Abyss zone and Global Equity (& S&P500 etc.) will be Crashed.
Nikita FX (climbingfx.jugem.jp/ )
1. --79.75--101.67 Line(Wolfe Line) is now Strongest Resistance Line and making bearish Green Flag
which was already broken down.(its target: 114.48 has not yet met )
2. --160.20--147.66 Line (ex-Longest Resistance Line) is now acting as Minor-Resistance Line (That's
why Triangle (looks like) consolidation continued. If Closing above this Line, it goes the Flag bottom
line.
3. --77.43--101.50 Line is Final supportive upward Trend Line, however it won't work after Crossing with
No.2 Line (approx. Mid-Jan. 2016)
4. --147.66--124.13 Line was turned into Strongest Supportive Line in case of breakdown thru No. 3 Line.
Therefore Time is ticking....eg. If we won't have 3rd BOJ easing on Halloween (this year), or US's QE4,
USD/JPY is going deep into the No. 4 Abyss zone and Global Equity (& S&P500 etc.) will be Crashed.
Nikita FX (climbingfx.jugem.jp/ )