The wave [ii] of (iii) is expected to evolve

19 October 2015, GBP/USD

It is possible that the price has formed the wave [i] of the upward impulse that took the form of the emerging wedge.

Anticipated continuation of further movement is a correctional decline associated with development of wave [ii ].

We assume that expected correction will take the form of a simple Zigzag.

So, if this assumption is correct, in the near future we expect a corrective decline of the pair due to the development of wave [ii] of (iii) the upward momentum.

The wave [ii] of (iii) is expected to evolve

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
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 .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call