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Correctional decline is coming

Correctional decline is coming | 03 May 2016

03 May 2016, EUR/USD

Euro continues to grow actively moving higher and higher.

Let me remind you that probably in this moment we wintess formation of the fifth wave of the diagonal triangle, which is likely to take the form of a Double Zigzag.

If this assumption is true, in the future we expect a continued growth in the form of the figure "three". To make the picture complete, the market lacks another zigzag.

So, after a corrective pullback, we should look for Buying opportunities, but should be careful, because in this case, a rising wave will be the final wave

Correctional decline is coming

Vasiliy Lukin
FreshForex Analyst
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