USDCAD 4H - EW
Updated
THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI
1W view
12345 wave, we are at 5 impulsive part, blue i ii iii iv v is 1st wave of 5th wave, after we reach blue V we expect to see a correction before we move high.
1D view
Here we see cyan I II III IV V wave which forms 5th wave of 12345 green.
Blue I II III IV V forms 1st wave of cyan wave.
We are now at Vth blue wave. Shaded area is possible V area. V th wave is an abc wave (green 5 th wave is a diagonal). We are now moving in a wave of abc.
Expect to short at red a point targeting cyan II, then long at that point.
INFORMATION HERE WILL BE USED FOR A FUTURE AI
1W view
12345 wave, we are at 5 impulsive part, blue i ii iii iv v is 1st wave of 5th wave, after we reach blue V we expect to see a correction before we move high.
1D view
Here we see cyan I II III IV V wave which forms 5th wave of 12345 green.
Blue I II III IV V forms 1st wave of cyan wave.
We are now at Vth blue wave. Shaded area is possible V area. V th wave is an abc wave (green 5 th wave is a diagonal). We are now moving in a wave of abc.
Expect to short at red a point targeting cyan II, then long at that point.
Note
Note
shark pattern harmonic still forming possible target shaded around point d.
blue IV completed we are not between IV - V most probable formation is abc.
a is counted as 5 wave with 5th wave truncated.
b wave is again expected to be a three wave correction abc zigzag, possible target area shaded around b.
based on b wave target area, possible target area for c is also shaded.
target area for V is still large because abc correction may form more complex formation.
Note
Note
Note
BC green leg is an impulsive leg 12345.We are now forming the end of 4, after 4 is confirmed, expect to see a downward move to (c - green) area.
Note
correction abc had been changed to wxyz and now I believe that impulse has started to form.
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.