CAD FUTURES, Bear-Flag-Formation, Upcoming BREAKOUT!
Hello There!
Welcome to my new analysis about the CAD FUTURES on the weekly timeframe perspective. The index recently continued with bearish developments after printing several lower highs. Now important further determinations need to be made as such an bearish price action can activate further continuations if there are no main reversal signs to consider. Within this case I detected important developments with the CAD FUTURES which could signal a potential bearish price action and long-squeeze on the road.
When looking at my chart you can watch there the CAD FUTURES continued to print these several lower highs always pulling to the downside off the descending trend-line marked in red. Furthermore, the CAD FUTURES have the 65-EMA marked in red as a main resistance within the already established downtrend. Within this downtrend the index formed a wave-count towards the downside with the waves A and B already formed and with the wave B actually forming this crucial bear-flag-formation likely to complete in the next times.
Once the breakout below the lower boundary of the flag-formation has shown up this means that CAD FUTURES are going to set-up the origin of the wave C extension and are going to continue with the extension till the main targets marked in my chart have been reached. Once the targets have been reached it will be important how the index continues from there on because if the bearish momentum increases massively in this case there is an increased possibility for the index to continue within the bearish-continuation-zone. In the next times the final breakout-determination will indicate the further price action. In any case, it will be an important development to consider.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
Welcome to my new analysis about the CAD FUTURES on the weekly timeframe perspective. The index recently continued with bearish developments after printing several lower highs. Now important further determinations need to be made as such an bearish price action can activate further continuations if there are no main reversal signs to consider. Within this case I detected important developments with the CAD FUTURES which could signal a potential bearish price action and long-squeeze on the road.
When looking at my chart you can watch there the CAD FUTURES continued to print these several lower highs always pulling to the downside off the descending trend-line marked in red. Furthermore, the CAD FUTURES have the 65-EMA marked in red as a main resistance within the already established downtrend. Within this downtrend the index formed a wave-count towards the downside with the waves A and B already formed and with the wave B actually forming this crucial bear-flag-formation likely to complete in the next times.
Once the breakout below the lower boundary of the flag-formation has shown up this means that CAD FUTURES are going to set-up the origin of the wave C extension and are going to continue with the extension till the main targets marked in my chart have been reached. Once the targets have been reached it will be important how the index continues from there on because if the bearish momentum increases massively in this case there is an increased possibility for the index to continue within the bearish-continuation-zone. In the next times the final breakout-determination will indicate the further price action. In any case, it will be an important development to consider.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
Comment:
ANALYSIS UPDATE: The CAD FUTURES pulled back in the range and continued with the wave-count to approach the final breakout in the next times.
Comment:
ANALYSIS UPDATE: Once the breakout has shown up this will activate the target-zones.
Comment:
ANALYSIS UPDATE: CAD FUTURES are aiming for the final bear-flag breakout to activate the target-zones in the next times.
Comment:
UPDATE: CAD FUTURES accelerated with major bearish conditions recently aiming for the final bear-flag breakout to emerge next.
A worthwhile approach here is going short in CAD FUTURES while entering long positions in other market sectors.
If you want to know more about the tota-return approach I am also moving forward with in the trading and analytics backend, send me a DM.
A worthwhile approach here is going short in CAD FUTURES while entering long positions in other market sectors.
If you want to know more about the tota-return approach I am also moving forward with in the trading and analytics backend, send me a DM.
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