All Yen crosses hit pretty significant resistance tonight in pre-asian session or after US stockmarket sesssions. Tomorrow might be reversal day, here´s aud-jpy, currently progressing inside of ending diagonal with 15 min chart but they all are bearish now. This is also one of my favorite as rhombus patterns which means kind of double diagonals opposite of each other (marked by zigzag´s only). Likely that Gbp-Usd won´t be very happy chart either as it never didn´t any bullish pattern – just consolidation sideways….
Something interested happened recently with cont. triangle. I counted all cont. triangles down from 60 min charts using all yen pairs which means I ended around 42 different charts. 113 cont.triangles has occured during last 24 hours using yen pairs only, most of them were bullish which gave me idea that if machine could count them all using ie. NYSE stock databases (around 5000 stocks) we propably could identify some current EW positions per TF for entire market meaning mostly core index products.
It´s very simple procedure actually.
However, party might be over now for next job reports, lower chart is gbp-jpy 1 min EW view.
