Log in

Wedge is possibly being formed

16 June 2015, EUR/USD

Since expected movement is not taking place, wave mark has been corrected a little.

According to the updated option, we possibly deal with wedge now which has been emerged from exactly the same wedge - the wave [i].

To be finalized, it lacks the end wave [v], which is now probably formed.

But the wave [v] of (i) can also be an impulse and soon new waves iii, iv and v will emerge.

So, if this assumption is correct, in the nearest time we will witness continuation of impulse growth of the pair .

Wedge is possibly being formed!

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.