USDCAD- in correction
Hi guys!
In my view, we are in a corrective wave now to complete ABC from a greater cycle to form wave 4, also the wave has reached the trendline, so it is possible to have a fall in price and then by breaking the trendline upward it is going to complete the c wave. if it continues to drop, the corrective wave has finished so we are completing the 5 wave!
let's see! hope it helps!
In my view, we are in a corrective wave now to complete ABC from a greater cycle to form wave 4, also the wave has reached the trendline, so it is possible to have a fall in price and then by breaking the trendline upward it is going to complete the c wave. if it continues to drop, the corrective wave has finished so we are completing the 5 wave!
let's see! hope it helps!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.