USDCAD - wave B is going to move on

FX:USDCAD180

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Sep 18, 2016 12:18 PM

We've got a possible double zigzag in wave B. So, the current zigzag (a)-(b)-(c) is likely going to move on next week

Comments

Doublebullchuck

⋅ Sep 18, 2016 7:10 PM

Maybe I am incorrect but my understanding was " Wave X is any correction pattern, except a triangle or a double or triple pattern." Doesn't this make your correction a 3-5-3?

ElliottWavePro

⋅ Sep 18, 2016 7:13 PM

May be we use different sources of the Elliott Wave Theory, but as I know from Robert Prechter' book, wave X (in Double Three or Double Zigzag) could be any correction pattern, including a triangle.