EuroMotif

USDCAD has one little dip to go? UC dip below 1.3--- once more?

EuroMotif Mod Aggiornato   
FX:USDCAD   Dollaro / Dollaro canadese
Quick post to see if EW and Fibs play out/

I think we are in a wave 4 of 5, and still have a w5 of 5 to go.
Of course, betting on w5 of a w5 is NEVER a good idea, so just putting this out there for practice.

Wave 5's are notorious for not extending beyond the 3 (double bottom) or having completed already within the 3.
So this is JUST for fun, but lets see how it plays out.

I am confident the price will at least NOTICE my zones when it gets to any of them.

Background: The above is a follow up to my previous Idea which called for the bounce
Commento:
UC might be turning at my first resistance zone.
Or at least it is noticing it and has to regroup to break it.
Commento:
UC loves to double test resistance, and looks to be doing so.
Lets see what happens here, will be very telling
Commento:
Here we are, the moment of truth
Commento:
Since last update, UC did drop quite a bit from that double top in pic above. But then came econ news and Trump. And now we have this pesky -1.618 extension holding things up. I still think it wants to finish a wave 5 down.
Commento:
Sure enough, that pesky 1.618 fib looks to have bounced it.
So I guess we had a 'truncated' wave 5.

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.