USDCAD appears to be in the ABC cycle down.
Wave C seems to be the current wave.
The fist impulsive sub wave of the 5 (C) wave pattern has completed.
Sub wave two has created a running flat (please correct me if I am wrong).
From here I expect USDCAD to fall and go on to either create the 3rd sub wave (impulsive), or continue to create a more complex correction.
Any feedback is appreciated.
Thanks.
Wave C seems to be the current wave.
The fist impulsive sub wave of the 5 (C) wave pattern has completed.
Sub wave two has created a running flat (please correct me if I am wrong).
From here I expect USDCAD to fall and go on to either create the 3rd sub wave (impulsive), or continue to create a more complex correction.
Any feedback is appreciated.
Thanks.