The wave 3 is getting extended | 26 April 2016
26 April 2016, EUR/USD
Following to a slight updade of the local Low, the pair halted its decline.
It started weak growth, which probably had a corrective nature and is formed as a second wave of the wave 3
Thus, we can assume that the prospective wave 3 is going to be more extended and therefore form a separate downward momentum.
If this assumption be true, in the future we will have a long impulse drop, so upon updade of the Low, we should open new Sell trades
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.
