Close It Can You?

We can make a closing stage from all above: depending on the Elliot waves' behavior Friday determines the currency movement for the opening of the next week. If potential trend strength is very big and there was leap in trend on Friday, then on Monday correction or reverse or news wave in trend is expected. If on Friday money jumped against the trend, then this Friday movement will turn into correction or the first wave of reversed trend. If currency did not start its movement on Friday, it means we can expect the formation of movement on Monday or Tuesday.

One more Forex marketplace peculiarity is analysis of news calendar for the next week. Events which can influence trend's mood and all corrections should be pointed out. There is also normal which was noticed by A. Elder you should pay attention to the gap which appears at midnight to Monday whether currency pairs of allies opened up or down and what supervision cash will move after that at Asian trading session as a rule, the same direction currency will move the next week.