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Zigzag in the wave 2 continues its development

Zigzag in the wave 2 continues its development | 18 August 2016

18 August 2016, GBP/USD

Сorrection in the form of zigzag in the wave 2 is still developing. Later we expect another upward wave, inside which the above-mentioned corrective model will get its final shape, whereupon decline is likely will be reopened. We should open a trade only on breakdown of Low, you can set a Sell pending order.

Prior to this, it is better to watch market fluctuations from outside.

Vasiliy Lukin
FreshForex Analyst
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