In order to preserve consistency in consideration of possible scenarios of the price movement the numeration of possible variant remains the same.
USD/JPY, Annual Wave Analysis 2009
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Figure Y1. Wave counting on the monthly chart. Variant 2.
One of the possible scenarios, distinct from the most widespread, is the variant of the global double/triple zigzag (or three), known variant 2, where the supposed corrective wave x may assume the shape of a flat or a double/triple three.
In this case after the nearest completion of wave [X] of x a progressive price rise in the form of an impulse or a zigzag structure should be expected.
But the most probable and the most widespread variant is my variant of 2004 year in the form of a global impulse with the completed fourth wave IV in the form of a horizontal triangle.
Figure Y2. Wave counting on the monthly chart. Variant 3-1.
Figure Y3. Wave counting on the weekly chart. Variant 3-1.
Figure Y4. Wave counting on the monthly chart. Variant 3-2.
Figure Y5. Wave counting on the weekly chart. Variant 3-2.
The distinction between variant s3-dt-1 and 3-dt-2 lies in different matching of the main waves of the ending diagonal triangle V.
The given scenarios of possible development of the supposed wave V single out the main directions of the supposed price movement. As this wave structure develops the number of its possible variants will decrease that will allow to make the global scenarios more precise and to project possible targets in the monthly forecasts during the current year
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