Notes
1. The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces.
2. One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective.
3. As the wave picture constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication.
4. The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions.
5. In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan - on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.
1. Currency pair USD/CHF.
The wave (ii) of [iii] in which frameworks Zigzag formation an of (ii) comes to an end is presumably formed. If the assumption, truly all correction can appear superficial and takes the form of a Flat or a Double Three.
2. Currency pair EUR/USD.
The wave (ii) of [iii] in which frameworks Zigzag formation an of (ii) comes to an end is presumably formed. If the assumption, truly all correction can appear superficial and takes the form of a Flat or a Double Three.
3. Currency pair GBP/USD.
Presumably formation of a correctional wave iv of (c) proceeds. Probably, it will take the form of a simple Zigzag, thereby confirming instructions on alternation. If the assumption, truly upon termination of correction it is possible to count on renewal of descending movement.
4. Currency pair USD/JPY.
Probably, the impulse (a) of [x] is generated. Now the correctional wave (b) of [x] is presumably formed. Probably, it will take the form of a certain Corrective Combination in which frameworks wave formation an of (b) comes to an end. If the assumption, truly movement of correctional character will develop over the weekend.
Igor Pak.
Analyst of company Admiral Markets.
igor.pak@forextrade.ee
At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.
