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Rising Wedges Signal Completion Of Wave-C Zigzag In Forex

Discussion in 'Technical Analysis' started by Kaitlin, Jun 30, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD has broken long-term support levels (dotted green) but still has important and decisive horizontals levels to break before a wave 5 (blue) of wave C (purple) can be confirmed. For the moment a wave 1-2 (green) structure makes the most sense considering the bearish momentum in wave 1[​IMG]

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