The wave v of the falling impulse is expected to develop | 25 February 2016
25 February 2016, GBP/USD
The considered pair is still forming the wave [v] of the downward momentum.
The chart clearly shows the internal structure of this wave, which itself takes the impulse form.
Perhaps now the wave iii of [v] is finishing its development.
In the near future we expect a small corrective rebound, whereupon decline will still have potential for development
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.
