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Completion of the Double Zigzag

13 January 2016, GBP/USD

Bears have been dominating for long that made us correct our wave framde.

According to the updated version, perhaps we are dealing with a double zigzag, which at the moment is forming the final wave [ c] of (y).

In the near future we expect continuation of decline within the borders of the impulse wave [c], after which the entire wave model will take a complete shaped and the price can finally begin to grow.

Form of the upward movement will be clear later

Completion of the Double Zigzag

Vasiliy Lukin
Analyst of «FreshForex» company
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