USDCAD 1H EW

THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI

Direction: Ascending
Tendency: Descending

Corrective wave cyan II is expected to be a WXY or WXYZ, based on the difference between Cyan II and Pink Y target, I suppose it will be a WXYZ.


1W CHART

I suppose we are in the C leg of an ABC, B at November 2007 low.
C leg is a 12345 (green) motive wave shaped as diagonal.
Green (1) is a 5 wave impulsive (red I II III IV V)
Green (2) is a corrective wave WXY (red)
Green (3) is impulsive (red I II III IV V)
Green (4) is a corrective wave WXY (yellow)
Green (5) is impulsive (cyan I II III IV V)

D CHART

Subwave of Green (5) is cyan I II III IV V
Cyan I is a diagonal (yellow I II III IV V) all consist of ABC.
We are now at cyan II leg. I suppose we will see a WXY or a WXYZ.

4H CHART

Cyan II correction, I expect to see a WXY or a WXYZ. Target area for II is marked on the chart.
Target for pink WXY is also marked on chart. I suppose W and X have already been completed.
For Y leg, I expect to see a blue WXY.

1H CHART

Pink WXY (Cyan II correction)
W leg is an ABC (orange)
X leg is also an ABC (green)

Y I expect to see a WXY or WXYZ

Commentaire:

Yellow (a)(b)(c); b correction formed as a triangle (3-3-3-3-3). Point E may undershoot or overshoot. Overshoot area is shown on the chart.