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Third bearish impulse wave is near

Third bearish impulse wave is near | 16 May 2016

16 May 2016, GBP/USD

Bears are slowly and gradually forcing the price lower and lower. Perhaps this drop is also caued bydevelopment of the third impulse wave iii of the emerging impulse.

The potential for further movement in this direction seems to be quite good. For this reason, I opened one more Sell trade. In the near future I expect a continued drop of the pair within the borders of the wave iii of the downward impulse.

Vasiliy Lukin
FreshForex Analyst
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