manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

Development of the wave (iv) is over

12 October 2015, EUR/USD

The horizontal triangle which had been developing as the wave (iv) of the wedge has been supposedly finally formed.

This is evidenced by exit of the price up beyond the generating lines.

So, formation of the wave (v) has started and its development will continue further.

Potentially, the upward movement is expected above the wave (iii), therefore, on this movement you can make good money.

The development of wave (iv) is completed.

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