The wave (iv) continued its development

23 October 2015, EUR/USD

Our assumption that the wave (iv) has taken the form of a horizontal triangle proved to be wrong.

At the time when the expected continuation of flat, the price sharply fell.

However, this decline affects the overall picture in no way.

As before, we assume that the wedge as the first waves of the ascending impulse is being formed, the wave (iv) obviously takes the form of a Triple Three, for the final formation it lacks a couple waves.

If this assumption be true, later on a pullback from the trend you can begin make firsts purchass. Now it is better to be out of the market.

wave (iv) continued its development.

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