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.
Probably wave [ii] or [b] of A becomes an Expanded Flat correction. If it so at the given stage, the wave (b) of [ii] or [b] is formed. Within the limits of this assumption, after its end, it is possible to expect a turn of a local trend upwards as impulse or Diagonal Triangle formation (c) of [ii] of [b].
2. Currency pair EUR/USD.
Probably wave [ii] or [b] of A becomes a simple Zigzag. If it so at the given stage, the wave (b) of [ii] or [b] is formed. Within the limits of this assumption, after its end, it is possible to expect a turn of a local trend downwards as impulse or Diagonal Triangle formation (c) of [ii] of [b].
3. Currency pair GBP/USD.
While expectations have not changed, the wave b an Expanded Flat (a) of [ii] presumably comes to the end. If the assumption is true, it is possible to expect local falling of pair as formation of an impulse or a Diagonal Triangle with of (a).
4. Currency pair USD/JPY.
While critical level of the considered scenario is not overcome, and the assumption is formal that the Diagonal Triangle comes to the end () of [ii], remains in force. If this assumption receives acknowledgement it is possible to expect a turn of an intermediate term trend upwards. However the affinity of the price to critical level, compels to consider an alternative variant of a counting (see alternative in the bottom part of the chart). At the same time if the price chooses an alternative variant intermediate term expectations will not exchange.
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.
