Probably, ascending zigzag D of (B) of large inclined triangle (B) is completed in the form of final wedge [c] of D. Final descending wave E of (B) can be developing now in the shape of double-three formation, flat or elongated model.
It’s not excluded that final descending wave E of (B) is developing, which has started from flat [a] of E. Expecting to see ascending zigzag [b] of E.
Probably, descending impulse (c) of [a] is completing, expecting to see ascending zigzag [b].
One of possible scenarios includes development of final ascending wave E of (4), which can exist in a shape of double zigzag or flat pattern.
Probably, ascending zigzag [a] of E is completed, expecting to see descending zigzag [b] of E.
It’s not excluded that ascending zigzag [a] of E is completed and now descending zigzag [b] of E is starting to develop.
Probably, we can see elongated horizontal correctional phase 4 of (A). In this case, it’s reasonable to expect final squeeze to the upside in the form of wave 5 of (A).
Probably, descending zigzag [c] of 4 is completed, ascending zigzag [d] of 4 is starting to develop.
It’s not excluded that ascending zigzag [d] is underway and its descending correctional phase (b) of [d] is developing now.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions