charts, page-38

Booma

I rechecked some options on that USDJPY 15m chart, and I have changed my mind on the down trending fork ( because of those 2 little ruptures at the red P1).

This is my new version, using a 5 minute chart. The down trending fork now has a modified schiff alignment, pinned at the 50% retrace below the P0 vertical. I used a fib retrace tool for convenience.

The long and the short are that price is getting a lot of support at the red ML, but it has still broken the green fork support tine. If it breaks the red ML, it should back test and go to the green 1st warning line ( I put a blue 1.618 offset in as well ). If it finds no support there, there is better support at the red support tine.