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Zigzag is about to be over

Zigzag is about to be over | 26 July 2016

26 July 2016, USD/JPY

My assumption on the third wave of zigzag was fully confirmed. My Sell trade has brought me profit. It is quite possible that the price will continue to decline, but the decline is likely to be short-term, because the third ascending impulse wave is brewing. Now we need to wait when the price turns around and starts to grow; then we'll look for the opportunities to open buy positions.

Zigzag is about to be over

Vasiliy Lukin
FreshForex Analyst
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