Return to the wedge | 08 October 2015
08 October 2015, EUR/USD
Recent price fluctuations stronger signalize that the decline is not an option.
This is also indirectly pointed by the triangle formed over the last two months.
It is worth noting that the triangles are mostly formed as fourth impulse waves, so the considered scenario was fully correct.
It is possible that the triangle is almost completely formed, and is the wave (iv) of the emerging rising wedge.
If this assumption is correct, in the future we can expect growth within the borders of the wave (v).
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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.
