Manage to chance upon this massive EW chart pattern being played out on the weekly for EURCAD.
Prices see to be forming a triangle C wave. We are currently selling off in wave (d) fashion. Elliot, fibo projection level for wave D (Equal length wave) to land near 1.445. This coincides with the upward sloping trend line drawn.
We will target to short at spot, aiming for 1.445 swing low. (If the trade is successful, we will look into long positions near that area for another final push of the (e) wave.
Prices see to be forming a triangle C wave. We are currently selling off in wave (d) fashion. Elliot, fibo projection level for wave D (Equal length wave) to land near 1.445. This coincides with the upward sloping trend line drawn.
We will target to short at spot, aiming for 1.445 swing low. (If the trade is successful, we will look into long positions near that area for another final push of the (e) wave.