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Wave analysis

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Wave analysis of the Forex market or Elliott wave principle is the type of technical analysis considering price to be similar to ebbs and flows. All price movements on the Forex market are subject to two types of waves:
- Impulse, or motive, phase – the waves which move price up or down (shown by digits)
- Correction phase: waves that respond to impulse (shown by letters).

2016	EURUSD	GBPUSD	USDJPY
13 Tháng Năm	Bears are expected to become more active It is quite possible that correction is still on. So, soon the pair may again turn up. In this case, the flat will be extended over time and need to wait until it's over to enter the emerging movement in time. So far, we expect a continued decline, which will form the third pulse wave. For this re Thêm	The pair is ready to decline Once again bulls attacked the level, which they had failed to take for three times before that. The fourth attempt was an absolute failure, but it hurt my stop loss. The price is looking down again, and this time it is expected to take specific steps in this direction, because the decline is an ove Thêm	An ascending impulse is expected to develop Buyers appear to have decided to postpone development of the final fifth wave of the rising impulse. Probably, the present correction is caused by development of the fourth wave. The pair is expected to continue to move up to finish the emerging impulse. For this reason, my opened Buy trade is still Thêm
12 Tháng Năm	Correction is nearing its end, it's time to sell	Third wave of the descending impulse is being extended	Buy trades are still relevant
11 Tháng Năm	Correction	Extension in the wave 3 of a downward momentum	An ascending impulse is on
10 Tháng Năm	A slight correction will precede decline of the pair	Into the third downward impulse wave	Growth is inevitable

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Wave analysis

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