EurCad 5 wave Elliot update
I called a buy on EurCad yesterday once we noticed that 618 bounce
The second push up was for over 100 pips
Then we had a 382 draw back, so far so good...
Then we had a 3rd push up to complete the 1-2-3-4-5 elliot cycle
The only question is that 3rd push up which was over 100 pips, happened in about 10 minutes
And news on the Canadian dollar just released before this spike up
So it leaves me wondering-- was that the cycle completing itself or was it the news which helped price
The fib numbers are perfect even with the last spike
It might be a combination of both Elliot/News
The second push up was for over 100 pips
Then we had a 382 draw back, so far so good...
Then we had a 3rd push up to complete the 1-2-3-4-5 elliot cycle
The only question is that 3rd push up which was over 100 pips, happened in about 10 minutes
And news on the Canadian dollar just released before this spike up
So it leaves me wondering-- was that the cycle completing itself or was it the news which helped price
The fib numbers are perfect even with the last spike
It might be a combination of both Elliot/News
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.