USDCAD 1H Chart.Geo completes, Eyes 1.3300.
Traders,
1- The Geo (WolfeWave) completed its 5-point target at its ectopic 5' level
A price reversal from Point-5' offers the HIGHEST probability of attainment at a price level corresponding to Point-4 (1.3432).I am looking for further targets at least for 1-4 line (close 1.3300) according to the bigger EW 5) last impulsive wave.
2- Internal Geo's structure developed into a corrective double 5-3-5 pattern typical of Elliott Wave's Double Zig-Zag (WXY) ending at 0.382-Fibonacci retracements of the bigger impulsive wave [ 1) , 2) , 3) , 4) , 5) ]
3- Internal ab = cd geometry near "Model" target.
4- A Negative Divergence [(-)Divergence) occurs where RSI carves Higher-High against a Lower-High in price] associated with Bearish trending markets, disclose a significant decline.
Trade with discipline.
Best,
1- The Geo (WolfeWave) completed its 5-point target at its ectopic 5' level
A price reversal from Point-5' offers the HIGHEST probability of attainment at a price level corresponding to Point-4 (1.3432).I am looking for further targets at least for 1-4 line (close 1.3300) according to the bigger EW 5) last impulsive wave.
2- Internal Geo's structure developed into a corrective double 5-3-5 pattern typical of Elliott Wave's Double Zig-Zag (WXY) ending at 0.382-Fibonacci retracements of the bigger impulsive wave [ 1) , 2) , 3) , 4) , 5) ]
3- Internal ab = cd geometry near "Model" target.
4- A Negative Divergence [(-)Divergence) occurs where RSI carves Higher-High against a Lower-High in price] associated with Bearish trending markets, disclose a significant decline.
Trade with discipline.
Best,
Note
Target Hit Trade closed: target reached
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Related publications
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.