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The final diagonal triangle is still developing

The final diagonal triangle is still developing | 03 May 2016

03 May 2016, USD/JPY

No changes.After a blasting downward movement, everything was quiet. The pair by inertia is slowly slipping lower and lower.

We assume that the wave v of [v] end of the diagonal triangle is still forming. But before the final downward movement, the price is likely to perform a corrective drop, thereby giving the final bearish wave.

To make trading solutions, we first should wait for completion of this model and look for an opportunity to open long positions. So far, it is still better to stay out of the market

Vasiliy Lukin
FreshForex Analyst
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