EWT: CADJPY Preparing for 93.84
Updated
Price has completed the C leg of corrective wave Primary ((4)), and the price will march for impulsive wave ((5)).
Wave Formations:
Wave ((1))
- Leading diagonal
- Formed on extreme low
- Termination sub-wave 5 is smaller than 3
Wave ((2))
- Zigzag
- 50% of wave ((1))
- Ended near the sub-wave 4 of an impulsive wave.
Wave ((3))
- Impulse (Five wave move)
- Extended 2.618% of wave 1
Wave ((4))
- Running triangle/running flat
- 38.2% of wave ((3))
- Ended above wave (b)
Wave ((5))
- Wave ((1)) was a leading diagonal, so wave ((5)) can't form as a diagonal. It will be an impulsive wave.
- Wave 3 can end near 161.8% of the 4th wave at 93.492.
- Wave 1= Wave 5 at 93.765
- Wave 5 can complete after touching the parallel channel at 93.849.
We can expect the following targets: 91.46-92.29-93.849
Wave Formations:
Wave ((1))
- Leading diagonal
- Formed on extreme low
- Termination sub-wave 5 is smaller than 3
Wave ((2))
- Zigzag
- 50% of wave ((1))
- Ended near the sub-wave 4 of an impulsive wave.
Wave ((3))
- Impulse (Five wave move)
- Extended 2.618% of wave 1
Wave ((4))
- Running triangle/running flat
- 38.2% of wave ((3))
- Ended above wave (b)
Wave ((5))
- Wave ((1)) was a leading diagonal, so wave ((5)) can't form as a diagonal. It will be an impulsive wave.
- Wave 3 can end near 161.8% of the 4th wave at 93.492.
- Wave 1= Wave 5 at 93.765
- Wave 5 can complete after touching the parallel channel at 93.849.
We can expect the following targets: 91.46-92.29-93.849
Note
Trade closed: target reached
CADJPY has reached first target of 91.46.Trade closed: target reached
CADJPY has reached 2nd target of 92.29.
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