18 December 2015, GBP/USD
Bears managed to update the Low once again.
But the overall situation still looks bullish and here is why.
It is likely that the final Diagonal Triangle took a more ambitious form which more clearly shows internal three-wave model.
I assume that yesterday the final wave v was formed, which is the shortest one. Has the market shrunk to shoot up?
It is possible, so, based of these considerations,I opened a Buy trade.
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us