Inside technicals and chart patterns by 
Yes I’m having some fun but I don’t want to abandon our discussion here because the 240 minute USD/JPY did indeed transition to a sideways market cycle for a momentum set up and broke out.
Here’s the momo set up after the Wave finished leveling out to a sideways three o’clock angle.
I circled the MACD Histogram which is my confirmation tools for the breakout which is also circled. Price broke up through the resistance of the downtrend line triggering the momo.
The swing short from the previous downtrend got stopped out as prices pierced the top line of the Wave. The Wave then proceeded to flatten and trigger the momo. NOW we have a uptrending market cycle and I’m magaing my momo and looking for corrections to play the swings once again…only now they’re swing buys in the uptrend.
whats a momo? also you wrote the 30 days of fx trading, no? I heard of you from Rob Booker…..although your a lot hotter then he is
I circled the MACD Histogram which is my confirmation tools for the breakout which is also circled. Price broke up through the resistance of the downtrend line triggering the momo.
Pls. take note that the momemtum from active market participants provide the price breakouts and not vise versa. Confirmations are made; as always after the fact that the prices have move. The Moving Average Convergence / Divergence have been showing at the close of last weeks move not from a histogram point of view. Please check your chart parameters on the weekly USJY candlestick chart which is more reliable. Although your explanation after the price moved is very thorough. Thank you , no offense made!