Scenario has changed, we expect an impulse drop | 01 October 2015
01 October 2015, EUR/USD
Our frame and the whole scenario has changed, since bulls failed to find the arguments for a strong impulse movement.
Trading takes place within the defined borders with a slight upward inclination, and this in turn points to a corrective nature of movement.
Therefore, it is possible that price movement from the early May has been correction in the form of a double three, which is expected to have finally formed.
At the same time, we assume that formation of the wave iii of [iii] downward impulse has begun.
If this assumption is correct, in the future we will have a long impulse drop.
.png "Scenario has changed, we expect an impulse drop")
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.
