A downward momentum is not over yet, but is close to it | 01 March 2016

01 March 2016, GBP/USD

Bears just stopped to put a the pressure at price.

A timid upward movement can have just a corrective nature and is the beginning of wave iv.

In this situation is better to stay out of the market and watch it from the side.

Based on our frame, formation of the downward momentum is about to be over, it is time to quietly prepare to buy.

A downward momentum is not over yet, but is close to it

Vasiliy Lukin
FreshForex Analyst
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