Wega Trade



Wave analysis
 









Wave analysis

28 august, 17:53
Wave analysis. Forex market. Pound





As we see in picture, below Pound almost is nothing to do. But, nevertheless, it does not mean that the situation cannot change. Or gathering of stops … Confirming to the remark on the possible termination of correction will not begin, we will result the chart with week time frame. Waves A and C are almost ideally equal on the size, level of correction (38,2) between a minimum 2001 and - is fulfilled 2007. If the further succession of events confirms an urgency of such picture correctional levels probably it is necessary to reconsider all wave marking of the trend originating in 2001

Operating levels for today:

R3 1.8685

R2 1.8590

R1 1.8480

P 1.8380

S1 1.8270

S2 1.8170

S3 1.8060

Especially risky traders, can open a short position in a direction designated to the chart of the purposes, but taking into account operating levels for today. Stop, not above 1,8495.

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