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.
It is not excluded, that the wave i of (v) is generated. Eсли the assumption is true, the price, not breaking critical level, will continue growth as impulse or Diagonal Triangle formation (v) of [v].
2. Currency pair EUR/USD.
The Wave Structure does not exclude the Skewed Triangle termination [iv] of 5 and the beginning of formation of an impulse or a Diagonal Triangle [v] of 5. If the assumption is true, the price, not breaking critical level, will continue falling in pulse style.
3. Currency pair GBP/USD.
Presumably the wave (iv) of (c) is finished. If it so that the first waves of an impulse or a Diagonal Triangle (v) of [c] are already formed.
4. Currency pair USD/JPY.
Infringement of critical level, compels to look at a Wave Structure differently.
Probably wave [iv] of 5, continues formation, completing a wave (Y) of [iv] to Triple Three W-X-Y-X-Z. If the assumption is true, the pair will probably grow in quality of an impulse or a Diagonal Triangle [c] of Z of (Y) of [4]. Strictly speaking, calling of a wave XX of (Y) for territory of a wave X of (Y) on 17 points is infringement of rules EWA, but in a kind of absence of the given calling on a linear chart, under the closing prices, I consider its admissible within the limits of the given variant of a counting.
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.
