Start of correction | 25 Mei 2016
25 Mei 2016, EUR/USD
Probably, yesterday the price has finished extension in the third impulse wave, and indeed the third wave thus had been finally formed. Therefore, this makes a certain correction much likely in the near future.
In this regard, we should avoid opening news position, it is better to wait for the expected correction and act in accordance with the current market structure.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
