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.
Quite probably, the price was defined with a choice. Limits of intermediate correction are settled. Proceeding from it, with certain degree of probability it is possible to assume, that the impulse [i] or [a] the begun large correction (B) of [Y] is formed.
2. Currency pair EUR/USD.
The euro operates similarly. The impulse is presumably formed? [i] or [a] the begun large correction (B) of [Y].
3. Currency pair GBP/USD.
The wave (b) of [b] is presumably generated. However acknowledgement to it still is not present. So in this case to hasten with planning of short positions it is not necessary - as is known waves «b» not so are simple, as it would be desirable.
4. Currency pair USD/JPY.
The Zigzag (a) of [ii] of 3 is presumably generated. Pulse development of descending movement says that a wave (b) is possible as will be generated in the form of a Zigzag, and all wave [ii] of 3 will take the form of a Flat or a Double Three.
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.
