The development of the correction continues

18.03.2021

The British pound has also grown. And all this is still within the framework of correction. In the future, there is a probability of a decline due to the development of wave [c]. This is if the correction takes the form of a simple zigzag. But we should not exclude the fact that we can see a more complex structure, for example, a double zigzag or a horizontal triangle. In this case, the development of a good downward wave is assumed.

Consequently, it is not recommended to rush to open any trade deals. It is worth waiting for the clarification of the situation and after that make decisions.

Investment idea: flat.