AUDCAD - Elliot Wave short position
Bouncing of weekly resistance, rejecting fib levels starting to see major push to the downside, if we break trend line and see the right amount of volatility pushing price to the downside and bulls don't manage to break 50% retracement we should see a push to 200%. If we DO NOT! hold 50% or any other fib levels and then see a push to the downside you do not enter. We need to see a bearish push to the downside.
Go and backtest using Trend-based Fibonacci this way along with Elliot wave I find it works 100% of the time as long as you can confirm wave 1
Go and backtest using Trend-based Fibonacci this way along with Elliot wave I find it works 100% of the time as long as you can confirm wave 1
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