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The final impulse wave u of [c] of (iv) the plane

28 October 2015, EUR/USD

Yesterday the pair almost did not make a move.

We assume that it is explained by development of the correctional wave iv of [c] of (iv).

As you can see on the chart above, the formation of the correction takes the form of the plane, which is not complete.

The structure lacks the last fifth descending wave. From this we can conclude that in the near future we can expect decline caused by development of this wave of the considered correction, then we obviously expect beginning of a impulse growth.

It is expected the development of the final impulse wave v of [c] of (iv) the plane.

Analyst of «FreshForex» company
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