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Development of correction is nearing the end

Development of correction is nearing the end | 28 July 2016

28 July 2016, EUR/USD

Having rebounded from the bottom and rushing to the top, the pair now is starting to reel off. Thus, a a triple three figure is ready and the wave [iv] has been formed almost completely. Now, perhaps, we can expect reversal and impulse drop of the pair boosted by the final wave [v] of the wedge. In this case we should wait until the beginning of decline, entering now is dangerous, because the market can redraw the entire wave pattern from bearish to bullish.

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