manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

Wedge is probably being formed

13 July 2015, USD/JPY

The price is still leaping and internal wave structure is correctional.

Upon that, a descending direction obviously dominates.

We don't have to be confused thinking that we face correction. Initial horizontal triangle – wedge – also has a form of 3 wave structure.

So we think now the wave 4 of the wedge is completing.

If our assumption is correct, in the nearest time we shall expect one more bearish wave .

Wedge is probably being formed .

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .