Log in

The wave ii is still being formed

03 June 2016, USD/JPY

We assume that by this point the first wave of a c correctional model has been formed. It is supposed take the form of a simple Zigzag. Basis on this assumption, I can conclude that a slight growth is expected in the near future. In the current situation it is better abstain from trading and wait for completion of the correction.

In general, the situation is bullish because after completion of the wave ii, I expected a long-lasting upward momentum within development of the wave iii.

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.