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Development of the wave (iv) is over

Development of the wave (iv) is over | 12 October 2015

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
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