Correction is over? | 21 August 2015
21 August 2015, USD/JPY
The break down, which was expected by us, has happened, thereby finishing the formation of the wave b of [5].
Now, in the future we may expect resumption of growth within the frames of development of the final diagonal triangle, but to be more confident, we should wait for the first micropulse upward waves.
Only after that we may try to open long positions with the target on the upper border on the forming diagonal.
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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.
