We assume that correctional decline is over | 18 December 2015
18 December 2015, GBP/USD
Bears managed to update the Low once again.
But the overall situation still looks bullish and here is why.
It is likely that the final Diagonal Triangle took a more ambitious form which more clearly shows internal three-wave model.
I assume that yesterday the final wave v was formed, which is the shortest one. Has the market shrunk to shoot up?
It is possible, so, based of these considerations,I opened a Buy trade.
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.
