Supposedly, on the past week, the upward Euro-Dollar correction has begun. Probably, the wave [ii] taking the look of zigzag, where the wave (a) has been completed. After the local correction, the continuation of growth in the wave (c) of [ii] is possible.
The more detailed mark is on the 1 hour chart. Apparently, the wave v of (a) has been completed on the past Friday. That means that during the nearest days the correcting market sliding in the wave (b) of [ii] is possible.
The British Pound is also been corrected. Probably, after the great stretching in the wave 3 the development of the correction has began. Supposedly, the wave 4 taking the look of zigzag, where the upward wave [a] has been already formed. After the short term correction, the upward moving has chance to be continued.
As it shown on the mark of 1 hour chart, the upward impulse in the wave [a] could be considered as completed. On the juniot wave level, the wave (v) has been comleted on the past Friday. During the week the formation of the wave [b] is possible.
Supposedly, the horizontal triangle is being formed in the wave [iv] in the framework of the impulsive wave C. Probably, he current flat will continue in the nearest days, but further the resuming of sliding in the wave [v] of C is possible.
Apparently, in the triangle, the downward zigzag in the wave (d) is being formed. During the Monday, the market sliding in the wave c of (d) is possible. After that, the beginning of local upward wave (e) of [iv] is possible.
It is quite likely, that Ausse upward wave 4 is being formed now and taking the look of double zigzag. On the junior wave level, the impulse in the wave (c) of [y] is about to be completed. It is not excluded that market will sliding in the nearest days.
The more detailed marks is on the 1 hour chart. Probably, the elongation in the wave iii is complete in the wav (c) in the short term, after the end of local correction, the beginning of growth in the wave v of (c) is possible.
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