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Wedge has been formed!

21 August 2015, EUR/USD

Wedge has been formed!

In the previous review we indicated likelihood of the wedge represented by the wave [i] of (iii).

At the moment, with a greater degree of certainty we can say that this model has been fully developed taking the form of a converging triangle.

So in the future we obviously expect a corrective pullback caused by the formation of the wave [ii].

 Wedge formed! Wedge has been formed!

Vasiliy Lukin
Analyst of «FreshForex» company
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