USDCAD made a substantial move down today.
I expect at least a second wave to follow along, but perhaps not has strong.
One more leg would complete an ABCDE corrective sequence.
OR, that leg down today COULD prove to be just wave 1 of a 5-wave impulse.
If so, then my targets will be quickly breached, as the next leg down would be a wave 3 of 5, most often the strongest.
While I am NOT expecting that, it sure would be nice to have a position for it.
I expect at least a second wave to follow along, but perhaps not has strong.
One more leg would complete an ABCDE corrective sequence.
OR, that leg down today COULD prove to be just wave 1 of a 5-wave impulse.
If so, then my targets will be quickly breached, as the next leg down would be a wave 3 of 5, most often the strongest.
While I am NOT expecting that, it sure would be nice to have a position for it.
Note
Oops, just realized the (D) in my chart was not in the red zone, but stuck to top of candle due to magnet tool. Anyway, it is the Red zone that is of interest Note
UC did about what I expected. Note
I have posted a follow up Idea after my new measurements 
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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.