USD/CAD downside
Update 21 August.
The move on the upsite may end for a short while and the price correction may start on the downside forming a smaller Wave 4 of a bigger, corrective Wave A.
Alternative count would be that Wave A ended and now, the price will correct more on the downside forming a Wave B.
Action: If price goes beyond the end of Wave 3, then Wave A continues on the upside.
If price goes below the start of Wave 1, then we have a Wave B still unfolding on the downside.
The move on the upsite may end for a short while and the price correction may start on the downside forming a smaller Wave 4 of a bigger, corrective Wave A.
Alternative count would be that Wave A ended and now, the price will correct more on the downside forming a Wave B.
Action: If price goes beyond the end of Wave 3, then Wave A continues on the upside.
If price goes below the start of Wave 1, then we have a Wave B still unfolding on the downside.
I hope this was helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
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