What a great example of a modern Marcel wave. This retro hairstyle was ever so popular back in the 1920's when women opted to cut their hair as part of the women's movement. The short bob was the style of choice and these soft waves gave the ladies a feminine edge.This is a very pretty 'do with bangs arranged in an "S" shape up and around the perimeter of the forehead.
Check out this picture that was taken back in the 20's as it will show the similarities in these styles.