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A double zigzag in the wave ii is nearing the end

29 July 2016, USD/JPY

The correction is taking a more complex shape than it was supposed to. So far, it reminds a Double Zigzag, inside which formation of the wave y of ii is over. But don't hurry with purchasess, it is better to wait for an upward exit of the price and after that try to make purchases, although a correctional model looks completely finished.

A double zigzag in the wave ii is nearing the end

Vasiliy Lukin
Analyst of «FreshForex» company
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