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 Structure 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.
Presumably the wave (iv) of [v] has taken the form of a Triple Three. It is not excluded, that at present, it is already generated. If it so it is logical to expect the beginning of formation of the first waves of an impulse or a Diagonal Triangle (v) of [v].
2. Currency pair EUR/USD.
Presumably the wave (iv) of [v] has taken the form of a Double Zigzag and at present has already finished the formation. If this assumption is true, it is logical to expect continuation of decrease in pair within the limits of impulse or Diagonal Triangle formation (v) of [v].
3. Currency pair GBP/USD.
Probably final, fifth wave of an impulse [c] of Y ((v) of [c]), becomes a Diagonal Triangle in which frameworks the wave iv of (v) is generated. If the assumption is true, it is logical to expect continuation of decrease in pair as wave formation v of (v). At the same time, the given site can be marked and as a wedge, that can speak about development only the first wave of an impulse (v) of [c] (i of (v)). In that case cable falling will be ready масштабнее but while about it to speak prematurely.
4. Currency pair USD/JPY.
The yen is presumably occupied by formation of a correctional wave b of (ii). Probably, it takes the form of a Double Three or other kind протяженной horizontal correction. If the assumption is true, after its termination the local descending trend will proceed as wave formation c of (ii).
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.
