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We are waiting for bearish miracle

We are waiting for bearish miracle | 30 August 2016

30 August 2016, GBP/USD

The wave frame indicates intention of the price to move down. Correction in the form of a zigzag is over, but after that so far no clear movement took place.In the near future the pair can finally take impulse downward acceleration caused by formation of the wave 3 of downward momentum.

So far, it remains to wait and hold short positions open.

We are waiting for bearish miracle

Vasiliy Lukin
FreshForex Analyst
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