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.
The price has moved in an expected direction, however movement has not received development - probably wave (iv) of [v] yet has not finished formation and takes the form of a Flat. If the assumption is true, wave formation (v) of [v] still ahead.
2. Currency pair EUR/USD.
The price has moved in an expected direction, however movement has not received development - probably wave (iv) of [v] yet has not finished formation and takes the form of a Skewed Triangle after which termination pair falling will proceed as a wave (v) of [v].
3. Currency pair GBP/USD.
Fears concerning continuation of development of a wave (iv) of [c] in the form of a Triple Zigzag, unfortunately have proved to be true. If the assumption is true, after its termination cable falling will proceed as an impulse or a Diagonal Triangle (v) of [c].
4. Currency pair USD/JPY.
The yen while is in forecast frameworks. Presumably the wave [iv] of 3 is generated, having taken the form of a simple Zigzag. If the assumption is true, is not excluded that the begun descending movement is a wave (i) of [v] of 3.
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.
