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Probably, Zigzag is being formed

Probably, Zigzag is being formed | 16 February 2016

16 February 2016, GBP/USD

Apparently, the considered pair continues development of correction, which most likely takes the form of a zigzag.

Thus, it is likely that we face the wave ii of the incipient upward impulse.

For final confirmation of the option price should be reach Low.

At this level we should look for the opportunities to open positions but before we should stay out of the market.

Probably, Zigzag is being formed

Vasiliy Lukin
FreshForex Analyst
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