manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Irregular zigzag

15 March 2016, GBP/USD

Pound decided to have fun.

Opened deal on buy was closed by stop-loss.

Bulls couldn’t develop success and price starts decreasing.

The reason of this odd behavior we can see in this.

Possibility correction in iiwave is formed irregular and wave b of ii, renew price maximum in this time in normal impulse five waves are responsible for renovation.

So probably the wave b was formed, and for zigzag need to decrease in the conclusion.

Aim of this decrease is level 61.8% fibo, in this level we can expect conclusion of forming zigzag and wave ii. So we can try carefully sells.

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .