The wave [ii] of (iii) is expected to evolve | 19 October 2015
19 October 2015, GBP/USD
It is possible that the price has formed the wave [i] of the upward impulse that took the form of the emerging wedge.
Anticipated continuation of further movement is a correctional decline associated with development of wave [ii ].
We assume that expected correction will take the form of a simple Zigzag.
So, if this assumption is correct, in the near future we expect a corrective decline of the pair due to the development of wave [ii] of (iii) the upward momentum.
![The wave [ii] of (iii) is expected to evolve](/netcat_files/Image/GBPUSDH4(39).png "The wave [ii] of (iii) is expected to evolve")
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.
