【USD/JPY】 Downtrend Reversal Imminent / Elliott Wave Analysis for Monday, May 18
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USD/JPY 1-hour chart
Purple diagonal 2 waves – Brown double zigzag Y wave – Green zigzag C wave – Blue impulse 5 waves, has it completed?
Strategically, we would like to target selling the purple 3 waves, but even looking at the 1-minute chart, the advancing waves inside the blue 5 waves have not been clearly completed, so we should remain cautious for another move up
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