14 July 2015, EUR/USD
Because bulls and bears have been taking any active actions for long and flat started to develop, I revised my wave frame and changed it. But its points is still the same.
So, I assume that we see the wedge in which the wave [v] of (i)is downsized.
It failed to update High reached by the wave [iii].
Then it was replaced by sort of correction which is likely to be represented by double zigzug.
If our assumption is correct, in the nearest time we shall probably expect continuation of correction in the course of which we will witness formation of the wave [y] of (ii).
We shall delay postpone for an uncertain period.
.png "Wedge with the downsized fifth wave!")
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